Lennox International
About: Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2023, residential HVAC was 68% of sales and commercial HVAC and Heatcraft refrigeration was 32% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company is focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
Employees: 12,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
210% more call options, than puts
Call options by funds: $55.8M | Put options by funds: $18M
22% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 11 (+2) [Q2]
13% more repeat investments, than reductions
Existing positions increased: 206 | Existing positions reduced: 183
12% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 60
11% more capital invested
Capital invested by funds: $12.3B [Q1] → $13.6B (+$1.31B) [Q2]
1% more funds holding
Funds holding: 533 [Q1] → 540 (+7) [Q2]
0.94% more ownership
Funds ownership: 70.66% [Q1] → 71.59% (+0.94%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Mizuho Brett Linzey 96% 1-year accuracy 24 / 25 met price target | 9%upside $650 | Outperform Maintained | 17 Oct 2024 |
Wells Fargo Joseph O'Dea 96% 1-year accuracy 24 / 25 met price target | 3%upside $615 | Equal-Weight Maintained | 7 Oct 2024 |
Barclays Julian Mitchell 77% 1-year accuracy 62 / 81 met price target | 4%downside $575 | Equal-Weight Maintained | 2 Oct 2024 |
Barclays Julian Mitchell 77% 1-year accuracy 62 / 81 met price target | 8%downside $550 | Equal-Weight Maintained | 26 Jul 2024 |
Stephens & Co. Tommy Moll 86% 1-year accuracy 12 / 14 met price target | 13%upside $675 | Overweight Reiterated | 25 Jul 2024 |
Financial journalist opinion
Based on 5 articles about LII published over the past 30 days
