Lindsay Co. (NYSE:LNN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in shares of Lindsay Co. (NYSE:LNN) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,504 shares of the industrial products company’s stock after selling 3,369 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Lindsay worth $6,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. US Bancorp DE raised its position 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 acquiring an additional 84 shares during the last quarter. CWM LLC lifted 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 in the last quarter. Intech Investment Management LLC acquired a new stake in Lindsay during the 2nd quarter valued at $241,000. Point72 Asset Management L.P. increased its position in Lindsay by 1,283.5% during the second quarter. Point72 Asset Management L.P. now owns 2,767 shares of the industrial products company’s stock worth $340,000 after buying an additional 2,567 shares in the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of Lindsay by 6.8% in the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 200 shares during the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Down 0.2 %

Shares of NYSE:LNN opened at $118.31 on Thursday. The company has a market capitalization of $1.28 billion, a P/E ratio of 19.65 and a beta of 0.64. The stock’s fifty day simple moving average is $125.79 and its 200-day simple moving average is $121.76. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $135.20. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24.

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, beating analysts’ consensus estimates of $1.01 by $0.16. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The business had revenue of $155.00 million during the quarter, compared to analyst estimates of $145.37 million. During the same quarter in the previous year, the business posted $1.74 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts forecast that Lindsay Co. will post 5.64 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, November 15th. Lindsay’s payout ratio is 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.