Lindsay Co. (NYSE:LNN) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in Lindsay Co. (NYSE:LNN) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,300 shares of the industrial products company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Lindsay were worth $661,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Lindsay by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,284,033 shares of the industrial products company’s stock worth $151,079,000 after buying an additional 4,214 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock worth $41,975,000 after acquiring an additional 21,474 shares during the last quarter. Heartland Advisors Inc. raised its position in Lindsay by 26.8% during the first quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock worth $6,236,000 after acquiring an additional 11,207 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Lindsay during the second quarter worth about $6,402,000. Finally, Rodgers Brothers Inc. raised its position in Lindsay by 0.4% during the first quarter. Rodgers Brothers Inc. now owns 49,760 shares of the industrial products company’s stock worth $5,855,000 after acquiring an additional 200 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Stock Performance

Shares of LNN opened at $118.92 on Tuesday. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.29 billion, a P/E ratio of 19.75 and a beta of 0.61. The company has a 50-day moving average of $120.66 and a two-hundred day moving average of $118.71. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.05.

Lindsay (NYSE:LNN) last announced its earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $145.37 million. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. As a group, research analysts predict that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, November 15th. Lindsay’s dividend payout ratio is presently 23.92%.

Lindsay Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.