LII Stock Summary and Trading Ideas (Lennox Intl | NYSE:LII)

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.

Lennox Intl trades on the NYSE stock market under the symbol LII.

As of April 19, 2024, LII stock price declined to $457.15 with 205,663 million shares trading.

LII has a beta of 1.24, meaning it tends to be more sensitive to market movements. LII has a correlation of 0.32 to the broad based SPY ETF.

LII has a market cap of $16.27 billion. This is considered a Large Cap stock.

Last quarter Lennox Intl reported $1 billion in Revenue and $3.63 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.17.

In the last 3 years, LII stock traded as high as $501.72 and as low as $182.85.

The top ETF exchange traded funds that LII belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

LII has outperformed the market in the last year with a price return of +81.4% while the SPY ETF gained +21.2%. However, in the short term, LII had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.9% vs +4.3% return in SPY. But in the last 2 weeks, LII shares have fared better than the market returning -1.9% compared to SPY -3.5%.

LII support price is $449.88 and resistance is $467.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LII stock will trade within this expected range on the day.