Latest news for Lennox Intl (NYSE:LII) Stock

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

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미국 중서부를 불태웠던 폭염이 남부로 향하자 기온이 오르면서 에어컨 제조사들과 유틸리티 기업들의 주가가 오르고 있다. 어떤 일이 (What Happened): NPR(내셔널 퍼블릭 라디오)은 중서부와 대서양 중부 지역에 일주일 넘게 무더위를 몰고 온 대규모 폭염이 이제 남쪽으로 향하고 있다고 보도했다. 이 움직임은 북부 지역이 심각한 폭풍과 광범위한 홍수에 직면하고 있기 때문이다.

미국 중서부에서 남쪽으로 향하는 폭염으로 인해 에어컨과 유틸리티 주식이 상승

Lennox International Inc

Leo Holdings III Corp

Lennox International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lii#NYSE">LII</a>) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company&#39;s changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Lennox is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Lennox, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for Lennox
For the fiscal year ending December 2024, this manufacturer of furnaces, air conditioners and other products is expected to earn $19.97 per share, which is a change of 11.2% from the year-ago reported number.
Analysts have been steadily raising their estimates for Lennox. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.2%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Lennox to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2295168/lennox-lii-upgraded-to-buy-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2295168">To read this article on Zacks.com click here.</a>

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Lennox Upgraded to Buy: Here's Why

Shares for air conditioner manufacturers and utility companies are rising with the temperatures <a href="https://www.benzinga.com/markets/equities/24/06/39401498/extreme-heat-waves-set-to-drive-up-us-natural-gas-prices-10-energy-stocks-to-watch-this-summer">as a heat wave</a> that has scorched the Midwest makes its way to the South.
What Happened: A major heat wave that brought sweltering temperatures to the Midwest and Mid-Atlantic for more than a week is now headed to the South, as the more northern regions face severe storms and widespread floods, NPR <a href="https://www.npr.org/2024/06/22/g-s1-5772/heat-wave-storms-midwest-east-coast">reported</a>.
As of Sunday, more than 123 million people across multiple U.S. states were under heat advisories including South Dakota, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas, Louisiana, Florida, Connecticut, Pennsylvania, New York, New Jersey, Delaware, Virginia, Maryland and North Carolina.
The Midwest began to see temperatures fall this weekend, while a heat wave In the South that is forecast to take temperatures over 100 degrees is expected to appear early this week, according to NPR.
Also Read: <a href="https://www.benzinga.com/news/24/06/39410137/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a>
The extreme temperatures are caused by a heat dome — a high pressure system that pushes hot air down and traps it — that is becoming more common and intense due to climate change.
Some parts of Mississippi experienced heat indexes of 105 to 110 degrees on Sunday and the scorching temperatures will last through Tuesday,&nbsp;The National Weather Service in Jackson said. 
The heat index is forecast to exceed 100 degrees in middle Tennessee from Sunday to Tuesday, according to NWS Nashville.
Meteorologists in Arkansas said Little Rock and surrounding areas were under &#8220;extreme risk&#8221; on Monday and Tuesday, NPR reported.
Price action: Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) gained 1.66% by Monday&#8217;s mid-day trading, while Comfort Systems USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) ticked up 0.34% and Watsco, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) improved 1.36%. Lennox International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) gained 1.02% and Carrier Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) jumped 3.19%.
Utilities also rose with the heat on Monday by mid-day. American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>), which provides electricity to 11 states in the Midwest and the South, gained 0.97, while CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), which also makes energy for these regions, edged up 0.74%. Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>), which provides service to Louisiana, Mississippi, Arkansas and Texas, is up 1.74%. CMS Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>), a Michigan utility, gained 1.5% by mid-day.
Read Now: <a href="https://www.benzinga.com/news/24/06/39410137/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a>
Photo: <a href="https://www.shutterstock.com/g/Kagool">Marc Bruxelle</a> via Shutterstock

Air Conditioner, Utilities Shares Climb As Heat Wave Heads From Midwest To The South

11 analysts have shared their evaluations of Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over 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;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</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;">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;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</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;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $515.91, a high estimate of $600.00, and a low estimate of $360.00. Surpassing the previous average price target of $482.70, the current average has increased by 6.88%.
<img src="https://www.benzinga.com/files/images/story/2024/1718985657_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Lennox Intl. The following summary outlines 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>Buy</td>
<td>$600.00</td>
<td>$550.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$550.00</td>
<td>$520.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$550.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$360.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$510.00</td>
<td>$481.00</td>
</tr>
<tr>
<td>Damian Karas</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$485.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$520.00</td>
<td>$545.00</td>
</tr>
<tr>
<td>Jeffrey Hammond</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$515.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$500.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$545.00</td>
<td>$491.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$540.00</td>
<td>$490.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lennox Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Lennox Intl compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Lennox Intl's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Lennox Intl's market position. Stay informed and make well-judged decisions with the assistance of 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>Delving into Lennox Intl's Background</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 is focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
<h3>Understanding the Numbers: Lennox Intl's Finances</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Lennox Intl's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -0.22%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.87%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Lennox Intl's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 38.01% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Lennox Intl's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.3%, the company showcases efficient use of assets and strong financial health.
Debt Management: Lennox Intl's debt-to-equity ratio stands notably higher than the industry average, reaching 4.49. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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 Analysts Are Saying About Lennox Intl Stock

TD Cowen analyst Gautam Khanna 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 $550 to $600.

Price Target

TD Cowen Maintains Buy on Lennox Intl, Raises Price Target to $600

Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) has outperformed the market over the past 10 years by 9.01% on an annualized basis producing an average annual return of 19.86%. Currently, Lennox Intl has a market capitalization of $19.61 billion. 
Buying $1000 In LII: If an investor had bought $1000 of LII stock 10 years ago, it would be worth $6,207.38 today based on a price of $550.42 for LII at the time of writing.
<h3>Lennox Intl's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718910030_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.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $6,200 Today

As residents of the Midwest and Mid-Atlantic United States brace for a historic heat wave, here are 10 stocks that could be impacted by <a href="https://www.benzinga.com/topic/weather">June&#8217;s extreme weather</a>.
The Forecast: <a href="https://www.accuweather.com/">According</a> to AccuWeather, several major population centers will see extreme heat this week.
Chicago is forecasted to experience temperatures exceeding 90 degrees through Friday, similar to the heatwaves seen in 2022 and 2023. No rain is expected for the week.
Fellow Midwestern cities Detroit, Cleveland and Cincinnati will see temperatures in the mid-to-high 90s through Friday.
On the East Coast, temperatures are expected to be even higher. New York City is forecasted to reach the mid-90s, Philadelphia will climb to the high 90s, and Washington D.C. is predicted to top out at over 100 degrees.
Affected Stocks: Temperatures <a href="https://www.benzinga.com/real-estate/23/12/36046628/could-climate-change-resistant-housing-be-the-next-innovation-in-home-construction">have increased steadily</a> in recent years. The phenomenon, widely attributed to the effects of climate change, has affected companies in various sectors.
Several large manufacturers of air conditioners in the U.S. typically see a surge in sales following periods of extreme weather. This trend is unsurprising given the increased demand for cooling solutions during heatwaves. Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), Trane Technologies PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>), Lennox International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) and Watsco Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) are among the largest HVAC manufacturers.
Lowe&#8217;s Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) and Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) are the two largest companies in home improvement; the companies sell a wide range of products including fans and air conditioners. 
Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is a manufacturer of backup power generation for residential, commercial and industrial purposes. Demand for generators is likely to rise after extreme weather events, such as heatwaves, hurricanes, or floods, due to the increased need for backup power during outages.
Edgewell Personal Care Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPC#NYSE">EPC</a>) manufactures sunscreen under the brands Banana Boat and Hawaiian Tropic, two of the most popular names in the United States.
Attendance at theme parks could wane during prolonged stretches of extreme heat. Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Six Flags Entertainment Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) are two of the largest amusement park operators in the U.S.
Also Read: <a href="https://www.benzinga.com/markets/esg/24/05/39012013/noaa-meteorologists-predict-aggressive-hurricane-season-what-it-means-for-home-depot-generac-other-s">NOAA Meteorologists Predict Aggressive Hurricane Season: What It Means For Home Depot, Generac, Other Storm-Related Stocks</a>
Image generated using artificial intelligence via Midjourney.

Heat Wave Hits US: 10 Stocks To Watch During June's Sweltering Temperatures

WIIM

ALLE

AMSC

AZEK

BECN

BLDR

BLNK

CTRI

ENVX

FLNC

HAYW

HUBB

IESC

JCSE

POWL

REZI

ROAD

SHIM

STRL

TGLS

TREX

TTEK

UFPI

Shares of several industrial companies are trading higher amid overall market strength following positive inflation data.

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 7.37% on an annualized basis producing an average annual return of 19.49%. Currently, Lennox Intl has a market capitalization of $17.68 billion. 
Buying $1000 In LII: If an investor had bought $1000 of LII stock 15 years ago, it would be worth $14,454.17 today based on a price of $496.31 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/2024/1717518627_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 $1000 Invested In Lennox Intl 15 Years Ago Would Be Worth Today

Contracts

Samsung And Lennox Launch Joint Venture For Ductless Mini Split, AC, Heat Pump, And Variable Refrigerant Flow HVAC Systems In The US And Canada

Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) has outperformed the market over the past 20 years by 10.4% on an annualized basis producing an average annual return of 18.44%. Currently, Lennox Intl has a market capitalization of $17.49 billion. 
Buying $1000 In LII: If an investor had bought $1000 of LII stock 20 years ago, it would be worth $29,486.96 today based on a price of $490.92 for LII at the time of writing.
<h3>Lennox Intl's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716309017_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 $1000 Invested In Lennox Intl 20 Years Ago Would Be Worth Today

Dividends

Lennox Increases Quarterly Dividend From $1.10 To $1.15

Elliott Investment Management, an activist investor, has reportedly amassed a significant stake in&nbsp;Johnson Controls International Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>), valued at over $1 billion, making it one of the company&#8217;s top ten investors.
The development comes&nbsp;as&nbsp;Johnson Controls&#8217; performance&nbsp;has been&nbsp;trailing behind its industry peers.
In the past year, Johnson Controls&#8217; shares have climbed over 9%, giving it a market valuation of approximately $46.5 billion, while&nbsp;competitors such as&nbsp;Carrier Global Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) and&nbsp;Lennox International Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) saw their stocks increase by over 50%, and 70% respectively.
Johnson Controls is a major player in the HVAC control market, which has grown due to the need&nbsp;for cooling&nbsp;data centers and manufacturing facilities for semiconductors and electric vehicles, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-20/elliott-said-to-build-1-billion-plus-stake-in-johnson-controls?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.&nbsp;
The company, headquartered in Ireland with main offices in Milwaukee, is under the leadership of CEO George Oliver, who previously led&nbsp;Tyco International&nbsp;before its merger with Johnson Controls in 2016.&nbsp;
The firm has experienced several executive changes since 2020, including the recent appointment of Marc Vandiepenbeeck as CFO.
Although Elliott&#8217;s specific plans for Johnson Controls remain undisclosed, the hedge fund has a history of driving executive changes in its portfolio companies, the report further noted.
Recently,&nbsp;Sensata Technologies Holdings Plc&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) CEO left after a&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38502072" rel="noreferrer noopener">cooperation agreement with Elliott</a>, and&nbsp;Crown Castle Inc.&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) CEO retired amid a proxy battle,&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36143263" rel="noreferrer noopener">leading to a settlement with Elliott.&nbsp;</a>Similarly,&nbsp;NRG Energy Inc.&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) top executive departed following an agreement with the activist investor.
Johnson Controls manufactures&nbsp;a wide range of&nbsp;products, including fire detection, refrigeration, security, and HVAC equipment for commercial buildings.&nbsp;
Additionally, Johnson Controls is reportedly considering selling its ADT alarms unit.
Earlier this month, Johnson Controls reaffirmed its full-year forecast for adjusted earnings per share between $3.60 and $3.75,&nbsp;after revising the projection&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38557646/johnson-controls-dips-over-6-after-q2-earnings-heres-why" rel="noreferrer noopener">downward in January from $3.65 to $3.80.</a>
Price Action: JCI shares are trading higher by 4.62% at $72.21 in premarket at&nbsp;the last check Monday.&nbsp;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

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Activist Investor Elliott Acquires Major Stake In Johnson Controls: Report

During the last three months, 11 analysts shared their evaluations of Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving 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;">6</td>
<td style="text-align: right;">3</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;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</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;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</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;">1</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 provide deeper insights through their assessments of 12-month price targets, revealing an average target of $507.27, a high estimate of $550.00, and a low estimate of $360.00. This current average has increased by 7.31% from the previous average price target of $472.70. 
<img src="https://www.benzinga.com/files/images/story/2024/1715958077_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Lennox Intl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines 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>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$550.00</td>
<td>$520.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$550.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$360.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$510.00</td>
<td>$481.00</td>
</tr>
<tr>
<td>Damian Karas</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$485.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$520.00</td>
<td>$545.00</td>
</tr>
<tr>
<td>Jeffrey Hammond</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$515.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$500.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$545.00</td>
<td>$491.00</td>
</tr>
<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>
</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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Lennox Intl's market position. Stay informed and make data-driven decisions with the assistance of 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>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 is focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
<h3>Lennox Intl: A Financial Overview</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Challenges: Lennox Intl's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -0.22%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.87%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Lennox Intl's ROE stands out, surpassing industry averages. With an impressive ROE of 38.01%, 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 4.3%. This signifies efficient management of assets and strong financial health.
Debt Management: Lennox Intl's debt-to-equity ratio stands notably higher than the industry average, reaching 4.49. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Lennox Intl Through 11 Analysts

Wells Fargo analyst Joseph 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 $520 to $550.

Wells Fargo Maintains Overweight on Lennox Intl, Raises Price Target to $550

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 7.72% on an annualized basis producing an average annual return of 20.05%. Currently, Lennox Intl has a market capitalization of $17.41 billion. 
Buying $100 In LII: If an investor had bought $100 of LII stock 15 years ago, it would be worth $1,591.34 today based on a price of $488.70 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/2024/1715349812_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 $100 Invested In Lennox Intl 15 Years Ago Would Be Worth Today

Lennox announces the rollout of low GWP HVAC products, emphasizing sustainability, flexibility, and superior performance.
RICHARDSON, Texas, May 9, 2024 /PRNewswire/ -- Lennox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>), a leading provider of innovative climate solutions, announced the rollout of low global warming potential (GWP) light commercial and ducted residential HVAC products to meet the 2025 low GWP Refrigerant regulations. The transition to low GWP refrigerants represents a positive step for the environment, as it significantly reduces the impact of harmful greenhouse gases. For Lennox, this change aligns with its guiding behavior of sustainability and focus on caring for our communities and planet.
The HVAC products released will be a comprehensive portfolio for the markets and will use the environmentally responsible refrigerant, R-454B, which reduces global warming potential by as much as 78%. With this move, Lennox continues to focus on high-quality, sustainable solutions while reducing energy consumption.

Lennox Announces Low GWP Refrigerant Rollout For Commercial And Residential HVAC Products

Stephens &amp; Co. analyst Tommy Moll reiterates Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Overweight and maintains $550 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Lennox Intl, Maintains $550 Price Target

JP Morgan analyst Stephen Tusa maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Underweight and raises the price target from $350 to $360.

JP Morgan Maintains Underweight on Lennox Intl, Raises Price Target to $360

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 $481 to $510.

RBC Capital Maintains Sector Perform on Lennox Intl, Raises Price Target to $510

10 analysts have expressed a variety of opinions on Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over 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;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</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;">1</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;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</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;">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>3M 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>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $487.7, a high estimate of $545.00, and a low estimate of $330.00. This upward trend is evident, with the current average reflecting a 6.07% increase from the previous average price target of $459.78.
<img src="https://www.benzinga.com/files/images/story/2024/1714057216_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A clear picture of Lennox Intl's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines 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>Damian Karas</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$485.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$520.00</td>
<td>$545.00</td>
</tr>
<tr>
<td>Jeffrey Hammond</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$515.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$500.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$545.00</td>
<td>$491.00</td>
</tr>
<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: 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: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Lennox Intl's market position. Stay informed and make data-driven decisions with the assistance of 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>Delving into Lennox Intl's Background</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>Financial Insights: Lennox Intl</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Lennox Intl's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 5.58%. This indicates 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.51%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Lennox Intl's ROE excels beyond industry benchmarks, reaching 64.97%. This signifies robust financial management and efficient use of shareholder equity capital.
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 surpasses industry norms, standing at 5.35. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Finding the best mid-cap stocks to buy in 2024 is no walk in the park. While these promising companies often have growing revenues and profits, that does not always last. Moreover, even if the stocks are above a certain market capitalization threshold that won&rsquo;t always translate into less volatility.&nbsp;



As we look ahead to 2028, there exists several up and coming companies poised for significant gains. This will be a result of secular tailwinds in the economy and favorable industry trends to drive growth. For investors, this segment of the market can be a sweet spot of growth potential without the heightened risk associated with smaller, more volatile companies.&nbsp;



With a balanced approach and healthy risk management practices, investors can position their portfolios for success over the next few years.&nbsp;&nbsp;



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<h2>Qualys (QLYS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/qlys-stock-1-300x169.jpg" alt="A Qualys sign hanging on a corporate office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div>Qualys (NASDAQ:<a href="https://investorplace.com/stock-quotes/qlys-stock-quote/">QLYS</a>), a leading provider of cloud-based security and compliance solutions, has established itself as a key player in the cybersecurity industry. As cyber threats continue to escalate globally, Qualys is well positioned for expansion through 2030.&nbsp;



Qualys is one of the top under-the-radar companies in 2024. With a market capitalization of approximately $5 billion, the company is an ideal candidate for the best mid-cap stocks to buy. Qualys&rsquo; cloud-based platform, TruRisk, continues to gain traction and is driving its revenue growth and profitability in 2024. In <a href="https://investor.qualys.com/news-releases/news-release-details/qualys-announces-first-quarter-2024-financial-results">Q1 FY24</a>, revenue increased 12% year over year to $145.8 million. Earnings per share swelled 35% year over year to $1.05 per share, driven by strong operational execution. Its risk-based approach and comprehensive suite of offerings from vulnerability management to web security is driving customer satisfaction. Moreover, its <a href="https://www.qualys.com/company/newsroom/news-releases/usa/qualys-trurisk-platform-now-available-on-oracle-cloud-marketplace/#:~:text=This%20partnership%20expands%20the%20current,to%20the%20Oracle%20Cloud%20Marketplace.">recent partnership with Oracle&rsquo;s Cloud Infrastructure (OCI)</a> has further strengthened TruRisk&rsquo;s appeal across multi-cloud environments. Qualys&rsquo; strong margins and growing free cash flow profile is also a positive sign for its future growth.



<h2>Dycom Industries (DY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/telecom1600e-300x169.jpg" alt="A digital illustration of the telecom industry."><div>Source: Shutterstock</div></div>Dycom Industries (NYSE:<a href="https://investorplace.com/stock-quotes/dy-stock-quote/">DY</a>), a key provider of specialty contract services to the telecommunications industry, stands out as one of the best mid-cap stocks to buy in June.&nbsp;



DY stock plays a crucial role in the ongoing expansion and upgrade of telecommunication networks. The increased demand for high-speed data connectivity, and the continued rollout of 5G technology is an extremely positive tailwind. Its extensive experience and established relationships with major telecom providers, makes it well positioned to capitalize on these trends. 



The company&rsquo;s earnings have skyrocketed over the last 3 years, and growth doesn&rsquo;t look to be slowing down anytime soon. In its <a href="https://dycomind.com/wp-content/uploads/2024/05/Q1-2025-Results-Release.pdf">latest quarterly financial results</a>, revenue increased 9% year over year to $1.14 billion. Net earnings increased 21% year over year to $62.6 million, or $2.12 per share. Moreover, contracted revenue growth remains robust, driven by strong demand for the deployment of high-capacity fiber optic networks. These positive developments certainly make DY stock a candidate to surge 50% or more by 2028.



<h2>Invesco S&amp;P MidCap Momentum ETF (XMMO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/invesco_logo_invesco1600-300x169.png" alt="Invesco logo in blue with mountain image"><div>Source: Shutterstock</div></div>Invesco S&amp;P MidCap Momentum ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/xmmo-stock-quote/">XMMO</a>) is a great investment choice for those seeking diversified exposure to the top mid-cap stocks to buy. While not exactly a stock, this ETF seeks to track the performance of the S&amp;P MidCap 400 Momentum Index.



<a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&amp;ticker=XMMO">Invesco S&amp;P MidCap Momentum ETF</a> is a hidden gem among the top ETFs to significantly outperform through 2028. It is having an incredible year thus far, up 29% as compared to the S&amp;P 500&rsquo;s rising 15%. The ETF&rsquo;s strategy is focused on selecting companies with strong price momentum, which is often indicative of underlying business fundamentals and growth potential. Notable companies include Lennox International (NYSE:<a href="https://investorplace.com/stock-quotes/lii-stock-quote/">LII</a>), Emcor Group (NYSE:<a href="https://investorplace.com/stock-quotes/eme-stock-quote/">EME</a>), and Elf Beauty (NYSE:<a href="https://investorplace.com/stock-quotes/elf-stock-quote/">ELF</a>). Additionally, its expense ratio of 0.34% is relatively cost effective when considering its performance in comparison to other ETFs on the market. While this can be true in the present moment, it&rsquo;s important to note that past performance is not indicative of future results. Therefore, investors should only invest what they can afford to potentially lose.



On the date of publication, Terel Miles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/no-brainer-buys-3-mid-cap-stocks-set-to-surge-50-or-more-by-2028/">No Brainer Buys: 3 Mid-Cap Stocks Set to Surge 50% or More by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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