Connor Clark & Lunn Investment Management Ltd. Acquires New Position in Lennox International, Inc. $LII

Connor Clark & Lunn Investment Management Ltd. bought a new position in Lennox International, Inc. (NYSE:LII) in the second quarter, Holdings Channel reports. The firm bought 18,494 shares of the construction company’s stock, valued at approximately $10,596,000.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Lennox International by 6.1% in the second quarter. California State Teachers Retirement System now owns 48,533 shares of the construction company’s stock worth $27,821,000 after buying an additional 2,785 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Lennox International by 296.0% during the second quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after buying an additional 53,679 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Lennox International by 111.1% during the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock valued at $10,696,000 after buying an additional 9,818 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Lennox International by 75.2% during the second quarter. State of Tennessee Department of Treasury now owns 7,082 shares of the construction company’s stock valued at $4,060,000 after buying an additional 3,039 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Lennox International in the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on LII. Barclays lowered their price target on Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company 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 price objective for the company in a research note on Thursday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Weiss Ratings lowered Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company increased their price target 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. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $546.58.

Lennox International Price Performance

Shares of LII opened at $394.49 on Thursday. The business’s 50-day moving average is $495.50 and its two-hundred day moving average is $503.53. The company has a market capitalization of $13.63 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.53 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, Inc. has a fifty-two week low of $387.45 and a fifty-two week high of $587.27.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping analysts’ consensus estimates of $7.67 by $0.05. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Research analysts predict that Lennox International, Inc. will post 23.69 earnings per share for the current year.

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.