Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Lennox International, Inc. $LII

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Lennox International, Inc. (NYSE:LII) by 45.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,520 shares of the construction company’s stock after selling 2,074 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lennox International were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Lennox International during the 3rd quarter valued at $28,000. Covestor Ltd increased its position in Lennox International by 217.2% during the third quarter. Covestor Ltd now owns 92 shares of the construction company’s stock valued at $48,000 after acquiring an additional 63 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Lennox International in the second quarter valued at about $54,000. Bessemer Group Inc. boosted its position in Lennox International by 52.8% in the third quarter. Bessemer Group Inc. now owns 110 shares of the construction company’s stock worth $59,000 after purchasing an additional 38 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Lennox International by 52.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 107 shares of the construction company’s stock valued at $61,000 after purchasing an additional 37 shares during the period. Institutional investors own 67.07% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 254 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $536.50, for a total transaction of $136,271.00. Following the completion of the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at approximately $584,785. This represents a 18.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shane D. Wall sold 100 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $540.01, for a total transaction of $54,001.00. Following the completion of the sale, the director owned 2,205 shares in the company, valued at approximately $1,190,722.05. This trade represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,054 shares of company stock worth $563,687 in the last 90 days. 9.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LII. Morgan Stanley lowered their price objective on shares of Lennox International from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Monday, February 2nd. William Blair reiterated an “outperform” rating on shares of Lennox International in a research report on Thursday. UBS Group started coverage on shares of Lennox International in a research report on Monday, January 5th. They set a “neutral” rating and a $530.00 price objective for the company. Wolfe Research raised Lennox International from an “underperform” rating to a “peer perform” rating in a report on Thursday, November 13th. Finally, Wall Street Zen lowered Lennox International from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. 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.com, the company presently has an average rating of “Hold” and an average target price of $593.83.

Lennox International Price Performance

Shares of Lennox International stock opened at $528.31 on Friday. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.13 and a beta of 1.16. The company has a quick ratio of 0.63, a current ratio of 1.60 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $526.78 and its 200-day simple moving average is $522.27. Lennox International, Inc. has a 52 week low of $443.19 and a 52 week high of $689.44.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $4.76 by ($0.31). Lennox International had a return on equity of 80.23% and a net margin of 15.13%.The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $5.60 earnings per share. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. As a group, analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

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.