Amalgamated Bank Has $402,000 Stock Position in Lindsay Co. (NYSE:LNN)

Amalgamated Bank reduced its position in shares of Lindsay Co. (NYSE:LNN) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,225 shares of the industrial products company’s stock after selling 137 shares during the quarter. Amalgamated Bank’s holdings in Lindsay were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in Lindsay by 45.9% during the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 84 shares during the period. CWM LLC increased its holdings in shares of Lindsay by 16.8% during the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 92 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Lindsay by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the industrial products company’s stock valued at $688,000 after acquiring an additional 100 shares during the period. Rodgers Brothers Inc. lifted its holdings in Lindsay by 0.4% during the 1st quarter. Rodgers Brothers Inc. now owns 49,760 shares of the industrial products company’s stock valued at $5,855,000 after purchasing an additional 200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Lindsay by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,278 shares of the industrial products company’s stock valued at $1,263,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay Stock Down 0.7 %

LNN stock opened at $123.24 on Friday. Lindsay Co. has a fifty-two week low of $109.27 and a fifty-two week high of $135.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.92 and a quick ratio of 2.69. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 20.47 and a beta of 0.61. The business’s fifty day moving average price is $121.52 and its two-hundred day moving average price is $119.28.

Lindsay (NYSE:LNN) last released its earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The firm had revenue of $155.00 million during the quarter, compared to the consensus estimate of $145.37 million. During the same period in the prior year, the company posted $1.74 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Lindsay Co. will post 5.66 earnings per share for the current year.

Lindsay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is currently 23.92%.

About Lindsay

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.