Geode Capital Management LLC Reduces Position in Lennox International, Inc. $LII

Geode Capital Management LLC lessened its stake in shares of Lennox International, Inc. (NYSE:LII) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 937,707 shares of the construction company’s stock after selling 60,900 shares during the period. Geode Capital Management LLC owned 2.67% of Lennox International worth $535,567,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS increased its stake in Lennox International by 3.0% in the 1st quarter. KLP Kapitalforvaltning AS now owns 10,400 shares of the construction company’s stock worth $5,833,000 after acquiring an additional 300 shares during the last quarter. Argent Trust Co grew its holdings in shares of Lennox International by 28.3% in the first quarter. Argent Trust Co now owns 1,025 shares of the construction company’s stock valued at $575,000 after purchasing an additional 226 shares in the last quarter. iA Global Asset Management Inc. raised its stake in Lennox International by 236.5% during the first quarter. iA Global Asset Management Inc. now owns 2,359 shares of the construction company’s stock valued at $1,323,000 after purchasing an additional 1,658 shares in the last quarter. Forsta AP Fonden lifted its position in Lennox International by 127.3% during the first quarter. Forsta AP Fonden now owns 17,500 shares of the construction company’s stock valued at $9,815,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company’s stock worth $51,932,000 after buying an additional 50,188 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares in the company, valued at approximately $758,764.52. This trade represents a 18.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd J. Teske sold 600 shares of Lennox International stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $491.85, for a total value of $295,110.00. Following the completion of the transaction, the director owned 7,581 shares of the company’s stock, valued at approximately $3,728,714.85. The trade was a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.73% of the company’s stock.

Lennox International Stock Performance

NYSE LII opened at $470.85 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 0.78. Lennox International, Inc. has a fifty-two week low of $466.88 and a fifty-two week high of $689.44. The business has a fifty day moving average of $522.25 and a 200-day moving average of $561.75. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share for the quarter, beating the consensus estimate of $6.69 by $0.29. Lennox International had a return on equity of 91.96% and a net margin of 15.74%.The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm posted $6.68 EPS. Lennox International’s revenue was down 4.8% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. As a group, analysts predict that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 21.95%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LII shares. Weiss Ratings downgraded Lennox International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Northcoast Research upgraded Lennox International from a “sell” rating to a “neutral” rating and set a $525.00 price target on the stock in a report on Monday, October 27th. Wolfe Research raised shares of Lennox International from an “underperform” rating to a “peer perform” rating in a research note on Thursday. Barclays reduced their target price on shares of Lennox International from $730.00 to $700.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada dropped their price target on shares of Lennox International from $598.00 to $555.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Lennox International presently has an average rating of “Hold” and a consensus target price of $600.17.

Lennox International Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.