Engineers Gate Manager LP Decreases Stock Holdings in Lennox International, Inc. $LII

Engineers Gate Manager LP trimmed its position in shares of Lennox International, Inc. (NYSE:LII) by 73.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,914 shares of the construction company’s stock after selling 10,938 shares during the period. Engineers Gate Manager LP’s holdings in Lennox International were worth $2,243,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new position in Lennox International during the 2nd quarter valued at about $239,217,000. Jefferies Financial Group Inc. bought a new position in Lennox International during the 2nd quarter valued at approximately $3,644,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Lennox International in the 2nd quarter worth approximately $10,596,000. Capstone Investment Advisors LLC purchased a new stake in Lennox International in the 2nd quarter worth approximately $2,991,000. Finally, Legal & General Group Plc bought a new stake in shares of Lennox International in the 2nd quarter worth approximately $54,927,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Stock Performance

Lennox International stock opened at $366.37 on Tuesday. Lennox International, Inc. has a fifty-two week low of $350.22 and a fifty-two week high of $587.27. The stock’s 50 day simple moving average is $449.83 and its two-hundred day simple moving average is $487.67. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.45 and a beta of 1.18.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.67 by $0.05. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, analysts expect that Lennox International, Inc. will post 23.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on LII. Royal Bank Of Canada reduced their target price on Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group dropped their price target on Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Lennox International from a “buy” rating to a “hold” rating and cut their price target for the company from $609.00 to $444.00 in a report on Monday. William Blair reissued an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Finally, Morgan Stanley decreased their price objective on shares of Lennox International from $450.00 to $375.00 and set an “underweight” rating for the company in a report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $532.92.

About Lennox International

Lennox International Inc (NYSE:LII) designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.