Lennox International (LII)

• Market cap: $23.1B
• 1 day: 0.72%
• 5 days: 7.54%
• 1 month: -1.54%
• 3 months: 7.28%
• 6 months: 17.40%
• Year to date: 7.10%
• 1 year: 49.48%
• 5 years: 165.76%
• 10 years: 576.34%
• 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)

157% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 42

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: 541 [Q2] → 600 (+59) [Q3]

1% less capital invested

Capital invested by funds: $14.4B [Q2] → $14.3B (-$123M) [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

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

• Low target: $619 4% downside
• Avg. target: $650 0% upside
• High target: $675 4% upside

5 analyst ratings

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

UBS Damian Karas 69% 1-year accuracy 9 / 13 met price target	3% downside $625	Neutral Maintained	3 Jan 2025
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target	4% upside $674	Equal-Weight Maintained	5 Dec 2024
RBC Capital Deane Dray 48% 1-year accuracy 30 / 62 met price target	4% downside $619	Sector Perform Maintained	24 Oct 2024
Mizuho Brett Linzey 87% 1-year accuracy 26 / 30 met price target	4% upside $675	Outperform Maintained	24 Oct 2024
Baird Timothy Wojs 49% 1-year accuracy 22 / 45 met price target	1% upside $656	Neutral Maintained	24 Oct 2024