Lennox Intl Stock (NYSE:LII), Trade Ideas

Lennox Intl

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 will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.

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U.S. stock futures were mixed this morning, with the Dow futures gaining around 100 points on Tuesday.

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The majority of North American households in colder areas depend on pricey fossil fuel-powered central furnaces with which air is blown through duct systems. Heat pumps have two undebatable advantages: they are good for the climate as they don’t burn fossil fuels and they don’t drain consumers’ wallets.

Worksport&#39;s Subsidiary Terravis Promises To Raise The Bar In Sustainable Heating And Cooling

Lennox International Inc

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Lennox shares are trading lower after the company reported mixed Q1 financial results.

Lennox Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) short percent of float has risen 22.1% since its last report. The company recently reported that it has 919 thousand shares sold short, which is 3.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.86 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lennox Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713971712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lennox Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lennox Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lennox Intl's peer group average for short interest as a percentage of float is 3.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Lennox Intl?

Guidance

Lennox Reaffirms FY24 Revenue Guidance Of Approximately 7%, With 2% Of Benefit From AES Acquisition; Revises EPS Guidance From $18.50-$20.00 To $19.00-$20.00, Est $19.72

Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) reported quarterly Adj earnings of $3.47 per share which beat the analyst consensus estimate of $3.16 by 9.81 percent. The company reported quarterly sales of $1.047 billion which missed the analyst consensus estimate of $1.050 billion by 0.33 percent. This is a 0.19 percent decrease over sales of $1.049 billion the same period last year.

Earnings

Lennox Intl Q1 2024 Adj EPS $3.47 Beats $3.16 Estimate, Sales $1.047B Miss $1.050B Estimate

<h3>Gainers</h3>
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<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) stock rose 56.0% to $0.7 during Tuesday's pre-market session. The company's market cap stands at $41.8 million. The company's, Q4 earnings came out yesterday. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) shares rose 14.03% to $0.65. The market value of their outstanding shares is at $129.5 million. </li>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares rose 8.95% to $7.3. The market value of their outstanding shares is at $1.2 billion. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) stock moved upwards by 8.75% to $0.24. The company's market cap stands at $33.1 million. </li>
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<li>Castor Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRM#NASDAQ">CTRM</a>) shares increased by 7.34% to $3.8. The company's market cap stands at $36.7 million. </li>
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<h3>Losers</h3>
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<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) stock decreased by 19.6% to $7.4 during Tuesday's pre-market session. The market value of their outstanding shares is at $60.8 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) stock decreased by 7.7% to $0.24. The market value of their outstanding shares is at $11.7 million. </li>
<li>Flux Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) stock fell 7.21% to $4.25. The company's market cap stands at $70.2 million. </li>
<li>Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) stock declined by 5.88% to $434.82. The company's market cap stands at $15.4 billion. </li>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) shares declined by 5.26% to $0.6. The market value of their outstanding shares is at $9.0 million. </li>
<li>NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNBR#NASDAQ">NNBR</a>) shares fell 4.95% to $3.65. The market value of their outstanding shares is at $180.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures gaining around 100 points on Tuesday.
Shares of Live Nation Entertainment, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyv#NYSE">LYV</a>) fell sharply in today&rsquo;s pre-market trading following a report indicating the Justice Department will file an antitrust lawsuit <a href="https://www.benzinga.com/quote/LYV/analyst-ratings">against the company</a>.
Live Nation Entertainment shares dipped 7.8% to $92.02 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
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<li>Inovio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ino#NASDAQ">INO</a>) shares dipped 24.3% to $8.32 in pre-market trading. INOVIO priced its $36 million underwritten offering of 2,536,258 common stock at $7.693 per share.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) shares declined 8.9% to $9.11 in pre-market trading. Groupon said Italian tax authorities have placed a lien on Groupon S.r.l.&#39;s bank account, which currently restricts outgoing payments from that account.</li>
<li>Lyell Immunopharma Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyel#NASDAQ">LYEL</a>) shares fell 7.1% to $2.23 in pre-market trading after dipping 20% on Monday.</li>
<li>ArcelorMittal SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mt#NYSE">MT</a>) shares fell 6% to $25.33 in pre-market trading after Deutsche Bank downgraded the stock from Buy to Hold.</li>
<li>Tevogen Bio Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvgn#NASDAQ">TVGN</a>) shares declined 6% to $2.21 in pre-market trading following a 4% decline on Monday.</li>
<li>Lennox International Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lii#NYSE">LII</a>) shares fell 5.8% to $434.82 in pre-market trading. Lennox is expected to report first quarter 2024 financial results before the opening bell on April 24, 2024.</li>
<li>Clean Energy Fuels Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clne#NASDAQ">CLNE</a>) shares declined 5.6% to $2.20 in pre-market trading after falling around 5% on Monday.</li>
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Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Live Nation Entertainment, Groupon And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
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<li>Truist Securities cut the price target for Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) from $983 to $864. Truist Securities analyst Joseph Civello downgraded the stock from Buy to Hold. Deckers Outdoor shares fell 2.4% to close at $867.81 on Tuesday. <a href="https://www.benzinga.com/quote/DECK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler slashed the price target for Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) from $225 to $205. Piper Sandler analyst Alexander Potter maintained an Overweight rating. Tesla shares gained 2.6% to close at $176.88 on Tuesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised Taiwan Semiconductor Manufacturing Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) price target from $133 to $168. Needham analyst Charles Shi maintained a Buy rating. Taiwan Semiconductor Manufacturing shares rose 1.8% to close at $145.40 on Tuesday. <a href="https://www.benzinga.com/quote/TSM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) from $92 to $110. B of A Securities analyst Jason Kupferberg maintained an Underperform rating. Coinbase shares fell 5.5% to close at $242.95 on Tuesday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised Owens &amp; Minor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>) price target from $24 to $28. Baird analyst Eric Coldwell maintained a Neutral rating. Owens &amp; Minor shares fell 3.1% to close at $26.38 on Tuesday. <a href="https://www.benzinga.com/quote/OMI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Model N, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/modn#NYSE">MODN</a>) price target from $37 to $30. Morgan Stanley analyst Craig Hettenbach downgraded the stock from Overweight to Equal-Weight. Model N shares fell 0.4% to close at $29.70 on Tuesday. <a href="https://www.benzinga.com/quote/MODN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised the price target for FirstCash Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcfs#NASDAQ">FCFS</a>) from $130 to $145. TD Cowen analyst Moshe Orenbuch upgraded the stock from Hold to Buy. FirstCash shares rose 0.2% to close at $125.93 on Tuesday. <a href="https://www.benzinga.com/quote/FCFS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein raised EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) price target from $27 to $34. Bernstein analyst Jean Ann Salisbury upgraded the stock from Underperform to Market Perform. EQT shares rose 3% to close at $37.95 on Tuesday. <a href="https://www.benzinga.com/quote/EQT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Lennox International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lii#NYSE">LII</a>) price target from $500 to $515. Keybanc analyst Jeffrey Hammond maintained an Overweight rating. Lennox shares fell 0.7% to close at $481.63 on Tuesday. <a href="https://www.benzinga.com/quote/LII/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham increased Silicon Motion Technology Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/simo#NASDAQ">SIMO</a>) price target from $75 to $85. Needham analyst Quinn Bolton maintained a Buy rating. Silicon Motion Technology shares fell 2.9% to close at $80.43 on Tuesday. <a href="https://www.benzinga.com/quote/SIMO/analyst-ratings">See how other analysts view this stock.</a></li>
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Keybanc analyst Jeffrey Hammond maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Overweight and raises the price target from $500 to $515.

Keybanc Maintains Overweight on Lennox Intl, Raises Price Target to $515

Barclays analyst Julian Mitchell maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Equal-Weight and raises the price target from $450 to $500.

Barclays Maintains Equal-Weight on Lennox Intl, Raises Price Target to $500

Wells Fargo analyst Joe O'Dea maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Overweight and raises the price target from $491 to $545.

Wells Fargo Maintains Overweight on Lennox Intl, Raises Price Target to $545

Ratings for Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Lennox Intl and provided 12-month price targets. The average target is $462.4, accompanied by a high estimate of $540.00 and a low estimate of $330.00. This upward trend is evident, with the current average reflecting a 8.67% increase from the previous average price target of $425.50.
<img src="https://www.benzinga.com/files/images/story/2024/1711972838_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Lennox Intl by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$540.00</td>
<td>$490.00</td>
</tr>
<tr>
<td>Gautam Khanna</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Outperform</td>
<td>$505.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$414.00</td>
<td>$392.00</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$330.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$523.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lennox Intl. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lennox Intl compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Lennox Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Lennox Intl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LII/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lennox Intl analyst ratings.</a>
<h2>Discovering Lennox Intl: A Closer Look</h2>
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 will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
<h3>Lennox Intl's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Lennox Intl's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 5.58%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Lennox Intl's net margin excels beyond industry benchmarks, reaching 12.51%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Lennox Intl's ROE stands out, surpassing industry averages. With an impressive ROE of 64.97%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Lennox Intl's ROA excels beyond industry benchmarks, reaching 5.08%. This signifies efficient management of assets and strong financial health.
Debt Management: Lennox Intl's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.35, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Lennox Intl: Insights From 5 Analyst Reviews

Mizuho analyst Brett Linzey maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Buy and raises the price target from $490 to $540.

Mizuho Maintains Buy on Lennox Intl, Raises Price Target to $540

Lennox Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) short percent of float has risen 27.37% since its last report. The company recently reported that it has 840 thousand shares sold short, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lennox Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711397721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lennox Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lennox Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lennox Intl's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

In the latest quarter, 6 analysts provided ratings for Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Lennox Intl, revealing an average target of $468.83, a high estimate of $550.00, and a low estimate of $330.00. This upward trend is evident, with the current average reflecting a 15.62% increase from the previous average price target of $405.50.
<img src="https://www.benzinga.com/files/images/story/2024/1709751615_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Lennox Intl by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gautam Khanna</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Outperform</td>
<td>$505.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$414.00</td>
<td>$392.00</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$330.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$523.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$491.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Rob McCarthy</td>
<td>Stephens &amp; Co.</td>
<td>Announces</td>
<td>Overweight</td>
<td>$550.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lennox Intl. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Lennox Intl compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Lennox Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Lennox Intl's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LII/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lennox Intl analyst ratings.</a>
<h2>All You Need to Know About Lennox Intl</h2>
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 will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
<h3>Lennox Intl: Delving into Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Lennox Intl displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 5.58%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Lennox Intl's net margin is impressive, surpassing industry averages. With a net margin of 12.51%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Lennox Intl's ROE stands out, surpassing industry averages. With an impressive ROE of 64.97%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.08%, the company showcases effective utilization of assets.
Debt Management: Lennox Intl's debt-to-equity ratio stands notably higher than the industry average, reaching 5.35. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 6 Analyst Ratings Have To Say About Lennox Intl

TD Cowen analyst Gautam Khanna maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Outperform and raises the price target from $450 to $505.

TD Cowen Maintains Outperform on Lennox Intl, Raises Price Target to $505

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Shares of several companies in the broader industrial sector are trading higher amid a rebound. The sector fell yesterday after worse-than-expected January CPI data showed a greater-than-expected rise in inflation.

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Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Lennox Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) short percent of float has fallen 21.76% since its last report. The company recently reported that it has 524 thousand shares sold short, which is 1.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lennox Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707228911_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lennox Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lennox Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lennox Intl's peer group average for short interest as a percentage of float is 3.53%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Lennox Intl's Recent Short Interest

Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) has outperformed the market over the past 15 years by 7.05% on an annualized basis producing an average annual return of 19.64%. Currently, Lennox Intl has a market capitalization of $14.94 billion. 
Buying $100 In LII: If an investor had bought $100 of LII stock 15 years ago, it would be worth $1,402.67 today based on a price of $419.82 for LII at the time of writing.
<h3>Lennox Intl's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707154216_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Lennox Intl Stock In The Last 15 Years

RBC Capital analyst Deane Dray maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Sector Perform and raises the price target from $392 to $414.

RBC Capital Maintains Sector Perform on Lennox Intl, Raises Price Target to $414

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Lennox International (LII) Gets a Buy from Wells Fargo

Wells Fargo Keeps Their Buy Rating on Lennox International (LII)

Notable earnings before Wednesday's open

Lennox beats Q1 earnings estimates, raises outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Lennox Intl (NYSE:<a href="https://investorplace.com/stock-quotes/lii-stock-quote/">LII</a>) just reported results for the first quarter of 2024.<ul><li>Lennox Intl reported earnings per share of $3.47. This was above the analyst estimate for EPS of $3.16.</li><li>The company reported revenue of $1.05 billion.</li><li>This was 0.29% worse than the analyst estimate for revenue of $1.05 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/lii-stock-earnings-lennox-intl-for-q1-of-2024/">LII Stock Earnings: Lennox Intl Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

LII Stock Earnings: Lennox Intl Beats EPS, Misses Revenue for Q1 2024

Lennox International Inc. (LII) Q1 2024 Earnings Call Transcript

Joe Ritchie, an analyst from Goldman Sachs, maintained the Buy rating on Lennox International (LII – Research Report). The associated price target ...

Buy Rating Affirmed for Lennox International Amid Strong Performance and Positive Future Outlook