Lennox International (NYSE:LII) Shares Gap Down – Here’s Why

Shares of Lennox International, Inc. (NYSE:LII) gapped down before the market opened on Wednesday . The stock had previously closed at $544.11, but opened at $491.00. Lennox International shares last traded at $440.1480, with a volume of 380,137 shares changing hands.

Analyst Ratings Changes

LII has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Vertical Research upgraded Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Lennox International from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Royal Bank Of Canada lifted their price target on shares of Lennox International from $485.00 to $579.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, BNP Paribas Exane initiated coverage on Lennox International in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $535.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Lennox International presently has an average rating of “Hold” and an average target price of $556.55.

Lennox International Stock Down 20.1%

The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.08 and a beta of 1.16. The firm’s fifty day simple moving average is $531.98 and its 200 day simple moving average is $517.43.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating analysts’ consensus estimates of $7.67 by $0.05. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $7.82 EPS. The company’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. Sell-side analysts predict that Lennox International, Inc. will post 24.45 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $1.36 per share. The ex-dividend date was Tuesday, June 30th. This represents a $5.44 annualized dividend and a yield of 1.3%. This is an increase from Lennox International’s previous quarterly dividend of $1.30. Lennox International’s dividend payout ratio (DPR) is 24.48%.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 971 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $544.80, for a total value of $529,000.80. Following the completion of the sale, the chief accounting officer owned 1,090 shares in the company, valued at approximately $593,832. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. QV Investors Inc. grew its position in Lennox International by 53.0% in the 4th quarter. QV Investors Inc. now owns 7,784 shares of the construction company’s stock valued at $3,780,000 after buying an additional 2,695 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Lennox International in the fourth quarter valued at about $519,000. Campbell Newman Asset Management Inc. purchased a new stake in Lennox International during the first quarter worth about $17,555,000. Pacer Advisors Inc. boosted its holdings in Lennox International by 45.8% during the fourth quarter. Pacer Advisors Inc. now owns 6,667 shares of the construction company’s stock worth $3,237,000 after buying an additional 2,095 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Lennox International by 78.0% during the first quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock worth $26,361,000 after buying an additional 24,893 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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.