Charles Schwab Investment Management Inc. Has $16.57 Million Holdings in Lindsay Co. (NYSE:LNN)

Charles Schwab Investment Management Inc. lifted its stake in Lindsay Co. (NYSE:LNN) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,952 shares of the industrial products company’s stock after buying an additional 5,007 shares during the period. Charles Schwab Investment Management Inc. owned about 1.23% of Lindsay worth $16,571,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Lindsay in the 2nd quarter worth approximately $1,327,000. Deprince Race & Zollo Inc. acquired a new position in shares of Lindsay in the 2nd quarter worth approximately $6,402,000. Victory Capital Management Inc. raised its holdings in shares of Lindsay by 139.4% in the 2nd quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company’s stock worth $1,446,000 after buying an additional 6,853 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Lindsay during the 2nd quarter valued at $2,111,000. Finally, GSA Capital Partners LLP acquired a new stake in Lindsay during the 3rd quarter valued at $754,000. 89.94% of the stock is owned by institutional investors and hedge funds.

Lindsay Trading Up 0.2 %

LNN stock opened at $129.72 on Friday. The business has a fifty day moving average price of $124.15 and a 200 day moving average price of $120.52. Lindsay Co. has a fifty-two week low of $109.27 and a fifty-two week high of $135.20. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 21.55 and a beta of 0.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.92 and a quick ratio of 2.69.

Lindsay (NYSE:LNN) last released its quarterly earnings results 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 return on equity of 12.86% and a net margin of 10.91%. The firm had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $145.37 million. During the same period last year, the firm posted $1.74 EPS. The business’s revenue was down 7.2% on a year-over-year basis. Analysts expect that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. Lindsay’s dividend payout ratio is 23.92%.

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.