True North Advisors 13F: Cuts LII Stake by $2.4M

True North Advisors reduced its stake in Lennox International Inc. (NYSE:LII) by 4.2% during the quarter, according to a Form 13F filing with the SEC on October 22, 2026.

LII Lennox International Inc.

$378.72 ▼ -23.40% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in True North Advisors's Lennox International Inc. Position

The firm sold 6,706 shares of the heating and ventilation provider during the period. That left True North Advisors with 154,404 shares, which carried a reported value of $55,026,498 at the end of the reporting period.

Other Institutional Activity in Lennox International Inc.

Other large investors also adjusted their positions in the building products company around the same time. Capital International Investors cut its holdings by 380,143 shares, ending with 2,482,381 shares worth about $940.1 million. Viking Global Investors, L.P. grew its stake by 18,554 shares to hold 1,590,959 shares valued at roughly $602.5 million. Kayne Anderson Rudnick Investment Management LLC pared back its holdings by 135,299 shares, leaving it with 739,856 shares worth about $280.2 million. Millennium Management Llc expanded its position significantly by adding 500,276 shares, bringing its total to 683,440 shares valued at about $258.8 million.

Lennox International Inc. Stock Up 5.4%

Lennox shares closed at $366.37 on October 21, 2026. The stock recently traded around $378.72 on October 23, 2026, sitting up about 3.4% since the filing close date.

Recent Earnings

Lennox International reported $5,302,199,808 in trailing twelve-month revenue and $22.52 in earnings per share. The company posted a net profit margin of 14.9% and a return on equity of 71.8%. Its next quarterly financial update is scheduled for October 28, 2026.

Dividend

The company pays an annual dividend rate of $5.44 per share, with a payout ratio of 23.4%.

Insider Buying and Selling at Lennox International Inc.

Company insiders executed several sales earlier in the year. On February 4, 2026, officer Chris A Kosel sold 254 shares at $536.50 for a total of $136,271. On the same date, director Todd J Teske sold 700 shares at $533.45, totaling $373,415. Later, on February 25, 2026, director Shane D. Wall sold 100 shares at $540.01 for $54,001. Finally, officer Chris A Kosel sold 971 shares on May 6, 2026, at $544.80, realizing $529,001.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock in mid-October 2026. On October 14, 2026, Goldman Sachs downgraded the stock to a Neutral rating and lowered its target to $390.00 from $547.00. On the same day, Oppenheimer maintained an Outperform rating while trimming its target from $575.00 to $548.00. RBC Capital kept a Sector Perform rating on October 14, 2026, moving its target down from $469.00 to $406.00. Morgan Stanley maintained an Underweight rating on October 15, 2026, adjusting its target from $375.00 to $350.00. Mizuho maintained a Neutral rating on October 15, 2026, reducing its price target from $450.00 to $395.00.

About Lennox International Inc.

Headquartered in Richardson, Texas, Lennox International designs and manufactures climate control products for residential and commercial heating, ventilation, air conditioning, and refrigeration markets. The company operates across North America and international regions, providing systems that support commercial and residential building infrastructure.

Bottom Line

Investors are watching for the upcoming earnings report on October 28, 2026, to see how revenue and margins hold up. Institutional portfolio adjustments and recent analyst target revisions will remain in focus as market conditions shift.