Lennox International (NYSE:LII) Reaches New 1-Year Low – Here’s Why

Lennox International, Inc. (NYSE:LII)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $407.94 and last traded at $412.7450, with a volume of 13049 shares. The stock had previously closed at $416.13.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wells Fargo & Company boosted their price objective on shares of Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Barclays lowered their price objective on Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. 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. Finally, Royal Bank Of Canada cut their target price on Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $546.58.

Lennox International Stock Performance

The business’s fifty day moving average price is $511.68 and its 200-day moving average price is $508.53. The stock has a market cap of $14.22 billion, a PE ratio of 18.58, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating the consensus estimate of $7.67 by $0.05. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, equities research analysts forecast that Lennox International, Inc. will post 23.69 EPS for the current fiscal year.

Lennox International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $1.36 dividend. This is a boost from Lennox International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $5.44 dividend on an annualized basis and a yield of 1.3%. Lennox International’s payout ratio is presently 24.59%.

Hedge Funds Weigh In On Lennox International

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Lennox International in the 2nd quarter worth $1,704,846,000. Bank of America Corp DE bought a new stake in shares of Lennox International in the second quarter worth $196,075,000. Deutsche Bank AG purchased a new stake in Lennox International during the second quarter valued at $159,181,000. Bank of New York Mellon Corp increased its position in Lennox International by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock valued at $98,835,000 after acquiring an additional 18,901 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Lennox International in the second quarter valued at about $54,927,000. 67.07% of the stock is owned by institutional investors.

Lennox International Company 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.