Farther Finance Advisors LLC Raises Stake in Lennox International, Inc. $LII

Farther Finance Advisors LLC grew its stake in shares of Lennox International, Inc. (NYSE:LII) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 624 shares of the construction company’s stock after purchasing an additional 48 shares during the period. Farther Finance Advisors LLC’s holdings in Lennox International were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LII. GAMMA Investing LLC boosted its position in shares of Lennox International by 69,429.8% during the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company’s stock worth $200,041,000 after purchasing an additional 356,175 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Lennox International by 118.3% during the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company’s stock worth $51,932,000 after purchasing an additional 50,188 shares in the last quarter. Amundi boosted its position in shares of Lennox International by 33.1% during the 1st quarter. Amundi now owns 189,571 shares of the construction company’s stock worth $103,661,000 after purchasing an additional 47,170 shares in the last quarter. Jump Financial LLC boosted its position in shares of Lennox International by 3,851.0% during the 1st quarter. Jump Financial LLC now owns 20,545 shares of the construction company’s stock worth $11,522,000 after purchasing an additional 20,025 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Lennox International by 25.3% during the 1st quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company’s stock worth $51,369,000 after purchasing an additional 18,502 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel M. Sessa sold 2,782 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total value of $1,864,051.28. Following the completion of the transaction, the executive vice president owned 31,574 shares of the company’s stock, valued at approximately $21,155,842.96. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Kosel sold 300 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer directly owned 1,282 shares of the company’s stock, valued at $758,764.52. The trade was a 18.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LII shares. Barclays decreased their target price on shares of Lennox International from $753.00 to $730.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 16th. UBS Group decreased their target price on shares of Lennox International from $676.00 to $610.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 23rd. Wells Fargo & Company boosted their target price on shares of Lennox International from $550.00 to $675.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. The Goldman Sachs Group lifted their price target on Lennox International from $619.00 to $691.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Oppenheimer cut their price target on Lennox International from $730.00 to $675.00 and set an “outperform” rating for the company in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $623.33.

Lennox International Trading Up 1.1%

NYSE:LII opened at $522.07 on Monday. The company has a market capitalization of $18.34 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93. Lennox International, Inc. has a 52-week low of $500.10 and a 52-week high of $689.44. The stock has a fifty day simple moving average of $580.30 and a 200-day simple moving average of $572.23.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating the consensus estimate of $6.90 by $0.92. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $6.83 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. On average, equities research analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.20 annualized dividend and a yield of 1.0%. Lennox International’s payout ratio is presently 22.23%.

About Lennox International

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.