Connor Clark & Lunn Investment Management Ltd. Makes New $10.60 Million Investment in Lennox International, Inc. $LII

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lennox International, Inc. (NYSE:LII) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,494 shares of the construction company’s stock, valued at approximately $10,596,000. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Lennox International as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Lennox International in the 2nd quarter worth approximately $1,704,846,000. Deutsche Bank AG purchased a new position in Lennox International during the second quarter valued at approximately $159,181,000. Campbell Newman Asset Management Inc. purchased a new position in Lennox International during the first quarter valued at approximately $17,555,000. Pacer Advisors Inc. raised its stake in Lennox International by 45.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,667 shares of the construction company’s stock worth $3,237,000 after buying an additional 2,095 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Lennox International by 78.0% in the first quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock worth $26,361,000 after buying an additional 24,893 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

Lennox International Trading Up 1.4%

NYSE:LII opened at $394.49 on Thursday. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.53 and a beta of 1.19. Lennox International, Inc. has a 52 week low of $387.45 and a 52 week high of $587.27. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $495.50 and a 200 day moving average of $503.53.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company earned $7.82 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, sell-side analysts anticipate that Lennox International, Inc. will post 23.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on LII. Royal Bank Of Canada lowered their target price on Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. William Blair reissued an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Barclays decreased their price objective on Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group dropped their price objective on Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Vertical Research upgraded Lennox International from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $546.58.

Lennox International Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.