Handelsbanken Fonder AB Purchases 2,280 Shares of Lennox International, Inc. $LII

Handelsbanken Fonder AB boosted its position in Lennox International, Inc. (NYSE:LII) by 30.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,700 shares of the construction company’s stock after acquiring an additional 2,280 shares during the period. Handelsbanken Fonder AB’s holdings in Lennox International were worth $5,558,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Lennox International by 10.2% in 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 buying an additional 18,901 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Lennox International by 18.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company’s stock worth $45,043,000 after acquiring an additional 13,281 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Lennox International by 3.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 67,766 shares of the construction company’s stock worth $35,873,000 after acquiring an additional 2,276 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Lennox International by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,868 shares of the construction company’s stock worth $29,179,000 after acquiring an additional 420 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Lennox International by 78.0% during the 1st quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock valued at $26,361,000 after purchasing an additional 24,893 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

Lennox International Stock Up 0.8%

LII stock opened at $421.73 on Friday. The firm has a 50-day moving average price of $513.62 and a 200-day moving average price of $509.14. Lennox International, Inc. has a 12 month low of $411.40 and a 12 month high of $616.50. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $14.58 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.05. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates 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 firm posted $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, equities research analysts anticipate that Lennox International, Inc. will post 23.69 EPS for the current fiscal year.

Lennox International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Lennox International’s previous quarterly dividend of $1.30. Lennox International’s dividend payout ratio is currently 24.59%.

Analyst Ratings Changes

Several research firms have commented on LII. The Goldman Sachs Group decreased their price objective on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada reduced their target price on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Barclays decreased their price target on shares of Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. William Blair restated an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Finally, Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $546.58.

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.