Lennox International, Inc. $LII Stock Acquired by QV Investors Inc.

QV Investors Inc. raised its holdings in shares of Lennox International, Inc. (NYSE:LII) by 84.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,424 shares of the construction company’s stock after buying an additional 16,700 shares during the period. QV Investors Inc. owned about 0.11% of Lennox International worth $12,931,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Lennox International during the 2nd quarter valued at $1,704,846,000. Beacon Pointe Advisors LLC bought a new position in Lennox International in the 2nd quarter worth $239,217,000. Bank of America Corp DE bought a new position in Lennox International in the 2nd quarter worth $196,075,000. Deutsche Bank AG purchased a new position in Lennox International during the second quarter valued at $159,181,000. Finally, Bank of New York Mellon Corp purchased a new position in Lennox International during the second quarter valued at $109,955,000. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Up 2.2%

Shares of LII stock opened at $363.62 on Wednesday. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.49 and a beta of 1.16. Lennox International, Inc. has a one year low of $340.32 and a one year high of $587.27. The company’s fifty day moving average price is $376.74 and its 200-day moving average price is $462.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, topping the consensus estimate of $7.67 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. Lennox International’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Sell-side analysts expect that Lennox International, Inc. will post 23.27 EPS for the current fiscal year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.5%. Lennox International’s dividend payout ratio is 24.59%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LII. Wells Fargo & Company started coverage on Lennox International in a research report on Friday, September 25th. They issued an “equal weight” rating and a $424.00 price target for the company. Morgan Stanley lowered their price objective on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Royal Bank Of Canada lowered their price objective on Lennox International from $469.00 to $406.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 14th. The Goldman Sachs Group downgraded Lennox International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $547.00 to $390.00 in a research note on Wednesday, October 14th. Finally, Oppenheimer reduced their target price on shares of Lennox International from $575.00 to $548.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $483.46.

About Lennox International

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.