Barclays PLC Has $2.45 Million Stock Holdings in Lindsay Co. (NYSE:LNN)

Barclays PLC grew its position in Lindsay Co. (NYSE:LNN) by 248.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,607 shares of the industrial products company’s stock after buying an additional 13,986 shares during the period. Barclays PLC owned approximately 0.18% of Lindsay worth $2,446,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Royce & Associates LP raised its position in shares of Lindsay by 1.6% during the third quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company’s stock worth $50,442,000 after purchasing an additional 6,253 shares during the period. KBC Group NV raised its holdings in Lindsay by 32.7% during the 3rd quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock worth $42,768,000 after buying an additional 84,560 shares during the period. Dimensional Fund Advisors LP lifted its stake in Lindsay by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock valued at $41,975,000 after buying an additional 21,474 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Lindsay by 35.4% during the third quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company’s stock worth $17,222,000 after acquiring an additional 36,128 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Lindsay by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company’s stock worth $16,571,000 after acquiring an additional 5,007 shares during the period. Institutional investors own 89.94% of the company’s stock.

Lindsay Price Performance

Shares of NYSE LNN opened at $122.47 on Thursday. The company has a fifty day moving average price of $125.34 and a 200 day moving average price of $121.65. The firm has a market cap of $1.33 billion, a PE ratio of 20.34 and a beta of 0.64. 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.

Lindsay (NYSE:LNN) last posted 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 during the quarter, compared to analysts’ expectations of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. Lindsay’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. Research analysts predict that Lindsay Co. will post 5.64 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, November 15th. Lindsay’s dividend payout ratio is presently 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.