Sumitomo Mitsui Trust Group Inc. Purchases 2,777 Shares of Lennox International, Inc. $LII

Sumitomo Mitsui Trust Group Inc. boosted its position in Lennox International, Inc. (NYSE:LII) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 65,592 shares of the construction company’s stock after acquiring an additional 2,777 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lennox International were worth $37,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. raised its stake in Lennox International by 125.0% in the 2nd quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock valued at $46,000 after acquiring an additional 45 shares during the period. Farther Finance Advisors LLC raised its stake in Lennox International by 8.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 624 shares of the construction company’s stock valued at $358,000 after acquiring an additional 48 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Lennox International by 175.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company’s stock valued at $46,000 after buying an additional 51 shares during the period. Tilia Fiduciary Partners Inc. increased its position in shares of Lennox International by 1.4% during the second quarter. Tilia Fiduciary Partners Inc. now owns 4,563 shares of the construction company’s stock valued at $2,616,000 after buying an additional 63 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Lennox International by 0.3% during the second quarter. New York State Teachers Retirement System now owns 31,831 shares of the construction company’s stock valued at $18,247,000 after buying an additional 101 shares during the period. 67.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LII has been the topic of several analyst reports. Barclays decreased their price target on Lennox International from $730.00 to $700.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley decreased their price target on Lennox International from $535.00 to $475.00 and set an “underweight” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company decreased their price target on Lennox International from $575.00 to $545.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Robert W. Baird upped their price target on Lennox International from $600.00 to $668.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, Oppenheimer decreased their price target 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. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $600.17.

Lennox International Stock Down 0.2%

Shares of NYSE LII opened at $501.27 on Wednesday. Lennox International, Inc. has a 12 month low of $485.47 and a 12 month high of $689.44. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.95 and a beta of 1.10. The business has a 50-day moving average of $542.48 and a 200-day moving average of $566.92.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 EPS for the quarter, topping 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 analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm earned $6.68 earnings per share. 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. Sell-side 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 was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.20 annualized dividend and a yield of 1.0%. Lennox International’s dividend payout ratio is currently 21.95%.

Insider Transactions at Lennox International

In other Lennox International news, CAO Chris Kosel sold 300 shares of the company’s 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 sale, the chief accounting officer owned 1,282 shares of the company’s stock, valued at $758,764.52. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is currently owned by corporate insiders.

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.