Charles Schwab Investment Management Inc. Has $16.34 Million Stock Position in Lindsay Co. (NYSE:LNN)

Charles Schwab Investment Management Inc. boosted its stake in shares of Lindsay Co. (NYSE:LNN) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,092 shares of the industrial products company’s stock after purchasing an additional 5,140 shares during the period. Charles Schwab Investment Management Inc. owned 1.27% of Lindsay worth $16,338,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Lindsay by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Lindsay by 10.3% in the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 86 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Lindsay by 73.1% in the 4th quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 623 shares during the period. Quadrature Capital Ltd increased its stake in shares of Lindsay by 6.8% during the 3rd quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 200 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Lindsay by 109.4% in the 3rd quarter. Intech Investment Management LLC now owns 4,105 shares of the industrial products company’s stock valued at $512,000 after purchasing an additional 2,145 shares during the period. 89.94% of the stock is currently owned by institutional investors.

Lindsay Stock Down 1.0 %

Lindsay stock opened at $127.67 on Friday. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $140.27. The stock has a market cap of $1.39 billion, a P/E ratio of 20.49 and a beta of 0.70. The company’s 50-day moving average price is $131.98 and its two-hundred day moving average price is $126.24. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.18. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The business had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $169.78 million. During the same period last year, the firm posted $1.36 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts expect that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. Lindsay’s payout ratio is presently 23.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LNN shares. Stifel Nicolaus lifted their price target on Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. StockNews.com upgraded Lindsay from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.