Lennox International (LII)

• Market cap: $22.4B
• 1 day: 1.36%
• 5 days: -5.38%
• 1 month: 0.47%
• 3 months: 2.57%
• 6 months: 15.59%
• Year to date: 42.43%
• 1 year: 44.09%
• 5 years: 157.70%
• 10 years: 557.33%
• Sector: Industrials
• Industry: Air-Conditioning & Warm Air Heating Equipment & Commercial & Industrial Refrigeration 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 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 Q3 regulatory filings by fund managers ($100M+ AUM)

120% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 49

50% more call options, than puts

Call options by funds: $82.5M | Put options by funds: $55M

14% more repeat investments, than reductions

Existing positions increased: 215 | Existing positions reduced: 189

11% more funds holding

Funds holding: 541 [Q2] → 600 (+59) [Q3]

1% less capital invested

Capital invested by funds: $14.3B [Q2] → $14.2B (-$141M) [Q3]

9.12% less ownership

Funds ownership: 75.32% [Q2] → 66.2% (-9.12%) [Q3]

27% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 8 (-3) [Q3]

Research analyst outlook

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

• Low target: $615 2% downside
• Avg. target: $648 3% upside
• High target: $675 7% upside

5 analyst ratings

• positive: 1 20%
• neutral: 4 80%
• negative: 0 0%

Barclays Julian Mitchell 61% 1-year accuracy 62 / 101 met price target	7% upside $674	Equal-Weight Maintained	5 Dec 2024
RBC Capital Deane Dray 54% 1-year accuracy 35 / 65 met price target	1% downside $619	Sector Perform Maintained	24 Oct 2024
Mizuho Brett Linzey 87% 1-year accuracy 27 / 31 met price target	7% upside $675	Outperform Maintained	24 Oct 2024
Baird Timothy Wojs 54% 1-year accuracy 25 / 46 met price target	4% upside $656	Neutral Maintained	24 Oct 2024
Wells Fargo Joseph O'Dea 70% 1-year accuracy 19 / 27 met price target	2% downside $615	Equal-Weight Maintained	7 Oct 2024