Barclays PLC Purchases 13,986 Shares of Lindsay Co. (NYSE:LNN)

Barclays PLC grew its position in Lindsay Co. (NYSE:LNN) by 248.8% in the third quarter, HoldingsChannel.com reports. The fund owned 19,607 shares of the industrial products company’s stock after buying an additional 13,986 shares during the period. Barclays PLC’s holdings in Lindsay were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. US Bancorp DE grew 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 during the period. CWM LLC lifted its position in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after buying an additional 92 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Lindsay by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the industrial products company’s stock worth $688,000 after acquiring an additional 100 shares during the period. Quadrature Capital Ltd increased its holdings 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 acquiring an additional 200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised 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 acquiring an additional 347 shares during the period. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Trading Up 0.6 %

LNN stock opened at $122.47 on Thursday. Lindsay Co. has a one year low of $109.27 and a one year high of $135.20. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 20.34 and a beta of 0.64. The company has a fifty day moving average price of $125.34 and a two-hundred day moving average price of $121.65. 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 announced its earnings results on Thursday, October 24th. The industrial products company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.01 by $0.16. The business had revenue of $155.00 million during 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 was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 EPS. Equities analysts anticipate that Lindsay Co. will post 5.64 EPS for the current year.

Lindsay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, November 15th. Lindsay’s 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.