Man Group plc Acquires New Holdings in Lennox International, Inc. $LII

Man Group plc bought a new stake in shares of Lennox International, Inc. (NYSE:LII) in the 2nd quarter, Holdings Channel.com reports. The fund bought 23,095 shares of the construction company’s stock, valued at approximately $13,232,000.

Several other institutional investors and hedge funds also recently modified their holdings of LII. BlackRock Inc. acquired a new stake in shares of Lennox International in the second quarter valued at approximately $1,704,846,000. Deutsche Bank AG acquired a new position in shares of Lennox International during the 2nd quarter worth approximately $159,181,000. Bank of New York Mellon Corp lifted its stake in Lennox International by 10.2% in the 4th 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 in the last quarter. Legal & General Group Plc purchased a new stake in Lennox International in the 2nd quarter valued at approximately $54,927,000. Finally, Ameriprise Financial Inc. grew its holdings in Lennox International by 18.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company’s stock valued at $45,043,000 after buying an additional 13,281 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LII shares. Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Vertical Research raised Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on 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 restated an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $546.58.

Lennox International Price Performance

LII stock opened at $391.81 on Friday. The stock’s fifty day simple moving average is $492.67 and its 200-day simple moving average is $502.56. Lennox International, Inc. has a 52-week low of $387.45 and a 52-week high of $587.27. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89.

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

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.