Corient Private Wealth LP Makes New Investment in Lennox International, Inc. $LII

Corient Private Wealth LP bought a new stake in shares of Lennox International, Inc. (NYSE:LII) in the second quarter, HoldingsChannel reports. The institutional investor bought 3,135 shares of the construction company’s stock, valued at approximately $1,797,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Lennox International during 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 valued at about $196,075,000. Deutsche Bank AG bought a new stake in shares of Lennox International in the second quarter valued at about $159,181,000. Bank of New York Mellon Corp purchased a new stake in Lennox International in the second quarter worth about $109,955,000. Finally, Legal & General Group Plc purchased a new stake in Lennox International in the second quarter worth about $54,927,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Price Performance

Shares of LII stock opened at $385.43 on Friday. Lennox International, Inc. has a 1-year low of $371.65 and a 1-year high of $587.27. The stock’s 50-day moving average is $476.64 and its 200 day moving average is $496.58. The company has a market cap of $13.32 billion, a P/E ratio of 17.42, a PEG ratio of 1.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77.

Lennox International (NYSE:LII) last announced 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $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 fiscal year.

Analyst Ratings Changes

LII has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Lennox International from $450.00 to $375.00 and set an “underweight” rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered their price target on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. William Blair reiterated an “outperform” rating on shares of Lennox International in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Lennox International presently has an average rating of “Hold” and a consensus target price of $540.33.

About Lennox International

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.