BlackRock Amends Lennox Intl. Stake, Remains Passive Investor

Ticker: LII · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment

TL;DR

**BlackRock still owns Lennox stock, but they're just holding, not shaking things up.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, reporting its ownership of Lennox International Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, indicates BlackRock's continued significant, but passive, investment in Lennox. For investors, this means a major institutional player maintains a stake, suggesting confidence in Lennox's long-term prospects, but no active changes in strategy are being pushed by BlackRock.

Why It Matters

This filing confirms BlackRock's ongoing substantial, yet passive, ownership in Lennox International, signaling institutional confidence without any intent to influence company management or strategy.

Risk Assessment

Risk Level: low — This filing is routine and indicates no immediate changes or risks to the company or its shareholders.

Analyst Insight

Investors should note that a major institutional investor like BlackRock maintains a position in Lennox International, which can be seen as a vote of confidence, but this filing doesn't suggest any imminent strategic changes or activist involvement.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., as clearly identified under 'Names of reporting persons' on the cover page.

What is the subject company whose securities are being reported?

The subject company is LENNOX INTERNATIONAL INC, as stated under 'Name of Issuer' on the cover page.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed pursuant to Rule 13d-1(b), indicated by the 'X' next to '[X] Rule 13d-1(b)' on the cover page.

From the Filing

0001086364-24-002022.txt : 20240124 0001086364-24-002022.hdr.sgml : 20240124 20240124094640 ACCESSION NUMBER: 0001086364-24-002022 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LENNOX INTERNATIONAL INC CENTRAL INDEX KEY: 0001069202 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 420991521 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56671 FILM NUMBER: 24554583 BUSINESS ADDRESS: STREET 1: 2140 LAKE PARK BLVD CITY: RICHARDSON STATE: TX ZIP: 75080 BUSINESS PHONE: 972-497-5000 MAIL ADDRESS: STREET 1: 2140 LAKE PARK BLVD CITY: RICHARDSON STATE: TX ZIP: 75080 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5261071071_012324.txt us5261071071_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2) LENNOX INTERNATIONAL INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 526107107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 526107107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 3578950 (6) Shared voting power 0 (7) Sole dispositive power 3759477 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 3759477 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- LENNOX INTERNATIONAL INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2140 LAKE PARK BLVD RICHARDSON TX 75080 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, resi

View on Read The Filing