Thrivent Financial for Lutherans Decreases Holdings in Lindsay Co. (NYSE:LNN)

Thrivent Financial for Lutherans reduced its position in Lindsay Co. (NYSE:LNN) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,383 shares of the industrial products company’s stock after selling 166 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Lindsay worth $992,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Corient Private Wealth LLC grew its stake in Lindsay by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 4,515 shares of the industrial products company’s stock worth $534,000 after buying an additional 78 shares during the last quarter. Gitterman Wealth Management LLC boosted its holdings in Lindsay by 6.1% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 101 shares in the last quarter. AlphaQuest LLC acquired a new stake in Lindsay in the fourth quarter worth about $32,000. Candriam S.C.A. grew its stake in shares of Lindsay by 31.9% during the fourth quarter. Candriam S.C.A. now owns 35,174 shares of the industrial products company’s stock worth $4,161,000 after acquiring an additional 8,499 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Lindsay during the fourth quarter valued at about $611,000. 89.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on LNN shares. Stifel Nicolaus boosted their target price on shares of Lindsay from $126.00 to $130.00 and gave the stock 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 report on Wednesday, March 19th.

Lindsay Trading Up 0.6 %

Shares of NYSE:LNN opened at $127.28 on Wednesday. The business has a 50-day moving average price of $131.70 and a 200-day moving average price of $126.97. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 20.43 and a beta of 0.70. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $140.27. 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 posted its quarterly 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. The company had revenue of $166.30 million during the quarter, compared to analyst estimates of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. Lindsay’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS. Equities analysts predict that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Dividend Announcement

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

Lindsay Company 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.