Lennox International (NYSE:LII) Raised to “Hold” at Wells Fargo & Company

Lennox International (NYSE:LII) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other equities analysts have also recently weighed in on LII. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a research note on Wednesday, July 29th. The Goldman Sachs Group dropped their price objective on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered Lennox International from a “buy” rating to a “hold” rating and cut their price objective for the company from $609.00 to $444.00 in a research report on Monday, September 14th. Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada decreased their target price on Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $522.85.

Lennox International Stock Performance

NYSE:LII opened at $373.53 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. Lennox International has a 12-month low of $350.22 and a 12-month high of $587.27. The stock has a 50-day moving average price of $416.64 and a 200 day moving average price of $476.73. The stock has a market capitalization of $12.91 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.45 and a beta of 1.18.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business posted $7.82 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Equities research analysts forecast that Lennox International will post 23.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Lennox International

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its position in shares of Lennox International by 122.5% during the 2nd quarter. Allworth Financial LP now owns 158 shares of the construction company’s stock valued at $91,000 after buying an additional 87 shares in the last quarter. Arizona State Retirement System grew its position in Lennox International by 4.7% in the second quarter. Arizona State Retirement System now owns 8,981 shares of the construction company’s stock worth $5,146,000 after acquiring an additional 406 shares in the last quarter. Nykredit A S bought a new stake in Lennox International during the second quarter worth approximately $3,764,000. HB Wealth Management LLC increased its stake in Lennox International by 15.8% during the second quarter. HB Wealth Management LLC now owns 1,636 shares of the construction company’s stock worth $938,000 after acquiring an additional 223 shares during the last quarter. Finally, Saudi Central Bank raised its position in Lennox International by 88.2% during the second quarter. Saudi Central Bank now owns 2,193 shares of the construction company’s stock valued at $1,256,000 after purchasing an additional 1,028 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

Lennox International Inc (NYSE:LII) designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.