Lennox International (LII)

• Market cap: $19.4B
• 1 day: 2.21%
• 5 days: 4.88%
• 1 month: -2.51%
• 3 months: -9.86%
• 6 months: -8.95%
• Year to date: -9.56%
• 1 year: 17.98%
• 5 years: 192.88%
• 10 years: 416.00%
• Sector: Industrials
• Industry: Building Products & Equipment

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: 14,200

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 60

25% more funds holding in top 10

Funds holding in top 10: 8 [Q3] → 10 (+2) [Q4]

15% more repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 207

13% more capital invested

Capital invested by funds: $14.2B [Q3] → $16B (+$1.82B) [Q4]

6.12% more ownership

Funds ownership: 66.17% [Q3] → 72.29% (+6.12%) [Q4]

4% more funds holding

Funds holding: 605 [Q3] → 632 (+27) [Q4]

48% less call options, than puts

Call options by funds: $15.2M | Put options by funds: $29.2M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $450 18% downside
• Avg. target: $581 6% upside
• High target: $750 37% upside

9 analyst ratings

• positive: 2 22%
• neutral: 4 44%
• negative: 3 33%

Barclays Julian Mitchell 38% 1-year accuracy 48 / 127 met price target	27% upside $696	Overweight Maintained	24 Apr 2025
RBC Capital Deane Dray 34% 1-year accuracy 18 / 53 met price target	6% upside $582	Sector Perform Maintained	24 Apr 2025
UBS Damian Karas 24% 1-year accuracy 4 / 17 met price target	4% upside $570	Neutral Maintained	24 Apr 2025
Wells Fargo Joseph O'Dea 40% 1-year accuracy 14 / 35 met price target	9% downside $500	Underweight Maintained	24 Apr 2025
Baird Timothy Wojs 30% 1-year accuracy 11 / 37 met price target	10% upside $600	Neutral Maintained	24 Apr 2025