Fintel reports that on July 28, 2023, TD Cowen maintained coverage of Lennox International (NYSE:LII) with a Outperform recommendation.
Analyst Price Forecast Suggests 17.67% Downside
As of July 6, 2023, the average one-year price target for Lennox International is 299.15. The forecasts range from a low of 255.53 to a high of $372.75. The average price target represents a decrease of 17.67% from its latest reported closing price of 363.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lennox International is 4,825MM, an increase of 0.53%. The projected annual non-GAAP EPS is 14.94.
What is the Fund Sentiment?
There are 843 funds or institutions reporting positions in Lennox International. This is a decrease of 10 owner(s) or 1.17% in the last quarter. Average portfolio weight of all funds dedicated to LII is 0.24%, an increase of 9.87%. Total shares owned by institutions decreased in the last three months by 5.34% to 28,488K shares. 
The put/call ratio of LII is 2.03, indicating a bearish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 1,358K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 1,257K shares, representing an increase of 7.46%. The firm increased its portfolio allocation in LII by 6.98% over the last quarter.
Mather Group, Llc. holds 1,241K shares representing 3.50% ownership of the company. No change in the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 996K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 996K shares, representing a decrease of 0.01%. The firm increased its portfolio allocation in LII by 0.52% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 987K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 968K shares, representing an increase of 1.94%. The firm decreased its portfolio allocation in LII by 1.09% over the last quarter.
Wellington Management Group Llp holds 918K shares representing 2.59% ownership of the company. In it's prior filing, the firm reported owning 986K shares, representing a decrease of 7.32%. The firm decreased its portfolio allocation in LII by 3.27% over the last quarter.
Lennox International Background Information
(This description is provided by the company.)
Lennox International Inc. is a global leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for its residential and commercial customers while reducing their carbon footprint, the Company leads the field in innovation with its air conditioning, heating, indoor air quality, and refrigeration systems.
Additional reading:
- LENNOX INTERNATIONAL INC. AND SUBSIDIARIES Consolidated Statements of Operations (Amounts in millions, except per share data) For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Net sales $ 1,411.4 $ 1,366.3 $ 2,
- LENNOX INTERNATIONAL INC. AND SUBSIDIARIES Consolidated Statements of Operations (Amounts in millions, except per share data) For the Three Months Ended March 31, 2023 2022 Net sales $ 1,049.4 $ 1,013.4 Cost of goods sold 742.8 745.2 Gross profit 306
- First Amendment of the Credit Agreement, dated as of April 14, 2023, among Lennox International Inc., the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
- Amendment No. 12 to Amended and Restated Receivables Purchase Agreement, dated as of April 14, 2023, among LPAC Corp., as the Seller, Lennox Industries Inc., as the Master Servicer, Lennox International Inc., Victory Receivables Corporation, as a Purchaser, MUFG Bank, Ltd., formerly known as The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent for the Investors, the purchaser agent for the MUFG Purchaser Group and a MUFG Liquidity Bank, Wells Fargo Bank, N.A., as the purchaser agent for the WFB Purchaser Group and a WFB Liquidity Bank, and PNC Bank, N.A., as the purchaser agent for the PNC Purchaser Group and a PNC Liquidity Bank, including attachments.
- Subsidiaries of LII (filed herewith).
This story originally appeared on Fintel.
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