Lennox InternationalLII
Market Cap: $19.8B
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: 182
11% more capital invested
Capital invested by funds: $12.3B [Q1] → $13.6B (+$1.31B) [Q2]
8% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 61
1% more funds holding
Funds holding: 533 [Q1] → 538 (+5) [Q2]
0.91% more ownership
Funds ownership: 70.66% [Q1] → 71.57% (+0.91%) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Barclays Julian Mitchell 69% 1-year accuracy 49 / 71 met price target | 1%downside $550 | Equal-Weight Maintained | 26 Jul 2024 |
Stephens & Co. Tommy Moll 92% 1-year accuracy 22 / 24 met price target | 22%upside $675 | Overweight Reiterated | 25 Jul 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 3%upside $572 | Sector Perform Maintained | 25 Jul 2024 |
Keybanc Jeffrey Hammond 70% 1-year accuracy 21 / 30 met price target | 8%upside $600 | Overweight Maintained | 22 Jul 2024 |
Baird Timothy Wojs 50% 1-year accuracy 14 / 28 met price target | 10%upside $610 | Neutral Maintained | 15 Jul 2024 |