Lennox International, IncNYSE: LII
Industrials · Building Products
$533.12
+3.30%
Vol: 245K
Research Digest
Friday, June 19, 2026
Lennox International signs definitive agreement to acquire HVAC supplier Heat Controller on June 18, 2026, expanding distributor market reach.
Lennox International (LII) announced on June 18, 2026 that it has signed a definitive agreement to acquire Heat Controller from Platinum Equity, an HVAC equipment supplier known for its Comfort-Aire and Century brands serving North American distributors. Financial terms were not disclosed. The deal expands Lennox's ability to serve small and mid-size HVAC distributors and is expected to close in 2026 subject to regulatory approval. Separately, Lennox raised its quarterly dividend from $1.30 to $1.36/share payable July 15, 2026. Q1 2026 revenue was $1.1B (+6%) with EPS of $3.35, and the company reaffirmed its full-year 2026 guidance at its March Investor Day. The deal comes alongside Lennox's earlier entry into residential water heating via an Ariston Group joint venture.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Lennox International holds 2026 virtual annual meeting today May 21 with directors, Say-on-Pay and EY auditor ratification on agendaPositive▶
Lennox International is holding its 2026 Annual Meeting virtually on May 21, 2026, with stockholders voting on three Class I directors, an advisory Say-on-Pay vote, and ratification of Ernst & Young as auditor. The company recently reported Q1 2026 revenue of $1.14B and EPS of $3.35, exceeding expectations, and reaffirmed full-year EPS guidance of $23.50-$25.00 with revenue growth guidance raised to ~8%, partly reflecting completed acquisitions. Lennox completed a long-running buyback program totaling 16.46M shares for ~$3.32B. On May 4 the company opened nominations for its Feel The Love community program. Analyst consensus is Buy with average 12-month PT of $567 (Oppenheimer $650, Baird $550).
May 20Lennox holds 2026 virtual annual shareholder meeting May 21 amid mixed analyst views.Mixed▶
Lennox International is holding its 2026 Annual Meeting virtually on May 21, 2026, with stockholders voting on Class I directors, Say-on-Pay, and Ernst & Young as auditor. Earlier in May, JPMorgan analyst Patrick Baumann maintained a Sell rating with a $522 price target. The stock has climbed 12.3% over the past six months to around $501 amid generally favorable HVAC fundamentals. Q1 2026 EPS of $3.35 beat the $3.18 consensus on revenue of $1.1B (up 6% YoY). The mixed analyst views and divergent price targets create near-term valuation risk despite the operational momentum.
May 19No significant overnight updates ahead of May 21 virtual annual shareholder meetingNeutral▶
No material news in the last 48 hours. Lennox holds its 2026 virtual annual meeting on May 21, with shareholders set to vote on three Class I directors, Say-on-Pay, and ratification of Ernst & Young. Earlier in May, JPMorgan reiterated Sell with a $522 target. Q1 2026 results (late April) showed revenue of $1.135B vs $1.073B a year earlier with FY26 EPS guidance of $23.50-$25.00.
May 18Lennox International holds virtual annual shareholder meeting on May 21 after completing $3.32B buyback and beating Q1 estimatesPositive▶
Lennox International is hosting its 2026 Annual Meeting virtually on May 21, 2026 for director elections, Say-on-Pay vote, and auditor ratification. Q1 2026 results beat estimates with EPS of $3.35 versus $3.18 expected, while revenue of $1.135B rose 6% YoY, exceeding estimates by 2.8%. The company reaffirmed full-year EPS guidance of $23.50-$25.00 and updated revenue growth guidance to about 8%. Lennox completed a long-running share repurchase totaling 16.46 million shares for approximately $3.32 billion. JPMorgan analyst Patrick Baumann maintained a Sell rating with a $522 price target on May 4. On May 4, the company also opened 2026 Feel The Love community program nominations.
May 15Lennox International raised FY26 revenue growth guidance to ~8% after Q1 revenue beat of $1.14BPositive▶
Lennox reported Q1 2026 revenue of $1.14B (beat by 6.5%) and EPS of $3.35 vs $3.16 estimates. The HVAC maker raised its full-year revenue growth guidance to approximately 8% while maintaining EPS guidance of $23.50-$25.00. Lennox is holding its virtual 2026 annual meeting on May 21 to elect three Class I directors and ratify Ernst & Young. Stock is up 4.7% YTD trailing the S&P 500's 8.1%. Analysts maintain Moderate Buy consensus with $576.33 average PT (13.6% upside from current ~$521). Risk: cooling consumer demand for residential HVAC.
May 14Lennox International receives multiple analyst price target raises and Vertical Research upgrade to Buy.Positive▶
Lennox International received favorable analyst action with Oppenheimer raising its target to $650 from $645, Baird raising to $550 from $542, and Vertical Research upgrading the stock to Buy from Hold. The company reported a strong Q1 2026 with EPS of $3.35 (beat $3.16) and revenue of $1.14 billion (beat $1.07B), reaffirming full-year EPS guidance of $23.50-$25.00 and raising revenue growth expectations to 8%. LII entered the North American residential water heating market via a joint venture with Ariston Group, with Lennox-branded water heater dealer orders beginning March 16, 2026. At its March 4, 2026 Investor Day, Lennox set 2030 targets of $6.5B-$7.5B revenue and 22-23% segment margins. Stock closed at $522.20 May 5, up 20% month-over-month.
May 13Lennox International opened 2026 Feel The Love nominations on May 4 ahead of its May 21 annual meeting; shares traded near $521 as Q1 sales rose to $1.135B.Neutral▶
Lennox International announced on May 4, 2026, the opening of nominations for its 2026 Feel The Love community heroes program, with nominations through August 31, 2026. The company will hold its virtual 2026 Annual Meeting on May 21, 2026, where shareholders will elect three Class I directors, vote on Say-on-Pay, and ratify Ernst & Young as auditor. Q1 2026 results showed sales of $1.135B (vs $1.073B prior year) and GAAP diluted EPS of $3.35, with full-year EPS guidance maintained at $23.50-$25.00 and revenue growth guidance raised to ~8%. Lennox also completed a long-running buyback totaling 16.46M shares for ~$3.32B. Shares traded around $521.25 on May 9, within a 52-week range of $434.06-$689.44. Risk: stock remains well below its 52-week high of $689, suggesting moderation in HVAC demand and concerns over channel inventory normalization.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TTTRANE | $483.71 | +2.37% | -0.5% | 28.0x | 1.20 | $105.7B |
| JCIJOHNSON | $145.33 | +1.19% | +0.2% | 24.4x | 1.32 | $85.9B |
| CARRCARRIER | $72.01 | +3.62% | -4.6% | 21.9x | 1.31 | $58.2B |
| LIILENNOX | $533.12 | +3.30% | +0.2% | 21.3x | 1.16 | $19.8B |
| MASMASCO | $74.65 | +2.80% | +2.8% | 17.6x | 1.28 | $16.7B |
| ALLEALLEGION | $133.48 | +2.53% | +0.7% | 14.7x | 0.86 | $12.1B |
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Price above both MAs — bullish structure.