Mutual of America Capital Management LLC Sells 177 Shares of Lindsay Co. (NYSE:LNN)

Mutual of America Capital Management LLC reduced its stake in Lindsay Co. (NYSE:LNN) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,638 shares of the industrial products company’s stock after selling 177 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lindsay were worth $204,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LNN. US Bancorp DE lifted its position in Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. CWM LLC increased its stake in Lindsay by 16.8% in the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after buying an additional 92 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Lindsay in the 2nd quarter valued at $241,000. SG Americas Securities LLC acquired a new stake in Lindsay in the 2nd quarter valued at $279,000. Finally, Point72 Asset Management L.P. increased its stake in Lindsay by 1,283.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,767 shares of the industrial products company’s stock valued at $340,000 after buying an additional 2,567 shares during the last quarter. 89.94% of the stock is owned by institutional investors.

Lindsay Stock Up 0.9 %

Shares of LNN stock opened at $132.77 on Friday. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $135.20. The firm’s fifty day moving average price is $123.25 and its two-hundred day moving average price is $119.95. The firm has a market capitalization of $1.44 billion, a P/E ratio of 22.20 and a beta of 0.61.

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

Lindsay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, November 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.08%. 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.