Wellington Management Group LLP Acquires 36,128 Shares of Lindsay Co. (NYSE:LNN)

Wellington Management Group LLP lifted its holdings in Lindsay Co. (NYSE:LNN) by 35.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,170 shares of the industrial products company’s stock after buying an additional 36,128 shares during the quarter. Wellington Management Group LLP owned approximately 1.27% of Lindsay worth $17,222,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP grew its holdings in Lindsay by 1.6% in the third quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company’s stock worth $50,442,000 after purchasing an additional 6,253 shares during the period. KBC Group NV boosted its position in shares of Lindsay by 32.7% in the 3rd quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock worth $42,768,000 after purchasing an additional 84,560 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Lindsay by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock worth $41,975,000 after purchasing an additional 21,474 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lindsay by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company’s stock worth $16,571,000 after buying an additional 5,007 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Lindsay by 46.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company’s stock valued at $9,342,000 after buying an additional 23,710 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors.

Lindsay Trading Down 0.1 %

Lindsay stock opened at $130.66 on Friday. Lindsay Co. has a 12 month low of $109.27 and a 12 month 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 business’s fifty day simple moving average is $124.87 and its two-hundred day simple moving average is $121.10. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.64.

Lindsay (NYSE:LNN) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.01 by $0.16. The company had revenue of $155.00 million for the quarter, compared to the consensus estimate of $145.37 million. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. Lindsay’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 EPS. As a group, equities analysts predict 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 was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is currently 23.92%.

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.