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 2024, residential HVAC was 67% of sales and commercial HVAC and Heatcraft refrigeration was 33% 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 Q3 regulatory filings by fund managers ($100M+ AUM)
163% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 41
50% more call options, than puts
Call options by funds: $82.5M | Put options by funds: $55.1M
14% more repeat investments, than reductions
Existing positions increased: 215 | Existing positions reduced: 189
11% more funds holding
Funds holding: 540 [Q2] → 601 (+61) [Q3]
1% less capital invested
Capital invested by funds: $14.4B [Q2] → $14.3B (-$112M) [Q3]
9.1% less ownership
Funds ownership: 75.91% [Q2] → 66.81% (-9.1%) [Q3]
27% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 8 (-3) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Wells Fargo Joseph O'Dea 71% 1-year accuracy 25 / 35 met price target | 1%downside $580 | Underweight Downgraded | 3 Feb 2025 |
Mizuho Brett Linzey 70% 1-year accuracy 21 / 30 met price target | 7%upside $625 | Neutral Downgraded | 30 Jan 2025 |
RBC Capital Deane Dray 53% 1-year accuracy 29 / 55 met price target | 10%upside $642 | Sector Perform Maintained | 30 Jan 2025 |
JP Morgan Stephen Tusa 71% 1-year accuracy 22 / 31 met price target | 3%downside $565 | Underweight Maintained | 30 Jan 2025 |
Barclays Julian Mitchell 62% 1-year accuracy 67 / 108 met price target | 14%upside $665 | Equal-Weight Maintained | 30 Jan 2025 |
Financial journalist opinion
Based on 8 articles about LII published over the past 30 days









