Lennox International, Inc. $LII Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lowered its position in Lennox International, Inc. (NYSE:LII) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,627 shares of the construction company’s stock after selling 10,968 shares during the quarter. Baird Financial Group Inc. owned about 0.23% of Lennox International worth $46,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LII. Amundi boosted its holdings in Lennox International by 33.1% in the 1st quarter. Amundi now owns 189,571 shares of the construction company’s stock valued at $103,661,000 after purchasing an additional 47,170 shares during the last quarter. Achmea Investment Management B.V. raised its position in shares of Lennox International by 2.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 93,893 shares of the construction company’s stock valued at $53,823,000 after buying an additional 2,555 shares during the period. Russell Investments Group Ltd. raised 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 valued at $51,932,000 after buying an additional 50,188 shares during the period. Rhumbline Advisers lifted its holdings in Lennox International by 4.0% in the second quarter. Rhumbline Advisers now owns 70,082 shares of the construction company’s stock valued at $40,174,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Lennox International by 4.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 65,592 shares of the construction company’s stock worth $37,600,000 after acquiring an additional 2,777 shares during the period. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Stock Up 1.0%

Shares of LII opened at $504.87 on Friday. The company’s 50-day simple moving average is $503.20 and its 200-day simple moving average is $552.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.80 and a current ratio of 1.68. Lennox International, Inc. has a 1 year low of $443.19 and a 1 year high of $689.44. The stock has a market capitalization of $17.71 billion, a PE ratio of 21.31, a P/E/G ratio of 1.94 and a beta of 1.16.

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

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 21.95%.

Insider Activity

In related news, Director Todd J. Teske sold 600 shares of Lennox International stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $491.85, for a total value of $295,110.00. Following the completion of the transaction, the director directly owned 7,581 shares in the company, valued at approximately $3,728,714.85. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Oppenheimer reduced their target price on Lennox International from $730.00 to $675.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their price objective on Lennox International from $501.00 to $493.00 and set an “underweight” rating for the company in a research report on Thursday, October 23rd. Barclays reduced their price objective on shares of Lennox International from $730.00 to $700.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Lennox International in a research note on Thursday, October 23rd. Finally, Wolfe Research upgraded shares of Lennox International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $598.50.

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.