Bank of Nova Scotia Buys Shares of 3,303 Lennox International, Inc. $LII

Bank of Nova Scotia bought a new position in Lennox International, Inc. (NYSE:LII) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,303 shares of the construction company’s stock, valued at approximately $1,892,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Lennox International during the second quarter valued at approximately $1,704,846,000. Deutsche Bank AG bought a new position in Lennox International in the 2nd quarter worth approximately $159,181,000. Bank of New York Mellon Corp grew its holdings 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 worth $98,835,000 after buying an additional 18,901 shares in the last quarter. Ameriprise Financial Inc. increased its position in Lennox International by 18.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company’s stock valued at $45,043,000 after acquiring an additional 13,281 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Lennox International in the 2nd quarter valued at approximately $44,075,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Analyst Upgrades and Downgrades

LII has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Barclays lowered their price target on Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Vertical Research upgraded shares of 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. Wells Fargo & Company increased their target price on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on shares of 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. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Lennox International presently has a consensus rating of “Hold” and an average target price of $546.58.

Lennox International Trading Up 1.4%

Shares of LII stock opened at $394.49 on Thursday. The stock has a 50-day simple moving average of $495.50 and a 200 day simple moving average of $503.53. The stock has a market capitalization of $13.63 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.53 and a beta of 1.19. Lennox International, Inc. has a fifty-two week low of $387.45 and a fifty-two week high of $587.27. 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 issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the business earned $7.82 earnings per share. Lennox International’s revenue for the quarter was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, sell-side analysts expect that Lennox International, Inc. will post 23.69 earnings per share for the current fiscal 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.