Lindsay Co. (NYSE:LNN) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Lindsay Co. (NYSE:LNN) by 90.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 276 shares of the industrial products company’s stock after buying an additional 131 shares during the quarter. GAMMA Investing LLC’s holdings in Lindsay were worth $33,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE raised 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 in the last quarter. CWM LLC grew its stake 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 purchasing an additional 92 shares during the period. Quadrature Capital Ltd increased its holdings in Lindsay by 6.8% in the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock valued at $392,000 after buying an additional 200 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Lindsay by 3.5% in the 2nd 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Lindsay by 8.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,026 shares of the industrial products company’s stock worth $626,000 after buying an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Lindsay Stock Up 0.4 %

LNN stock opened at $127.77 on Wednesday. Lindsay Co. has a 52 week low of $109.27 and a 52 week high of $135.20. 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 company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 21.22 and a beta of 0.66. The firm’s 50-day moving average is $125.91 and its two-hundred day moving average is $122.05.

Lindsay (NYSE:LNN) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.78 million. During the same period in the previous year, the firm earned $1.36 earnings per share. Lindsay’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts forecast that Lindsay Co. will post 5.64 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. Lindsay’s dividend payout ratio is 23.11%.

Analyst Ratings Changes

Several analysts have recently issued reports on LNN shares. Stifel Nicolaus upped their price objective on Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. StockNews.com raised shares of Lindsay from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.

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.