Intech Investment Management LLC Boosts Stock Holdings in Lindsay Co. (NYSE:LNN)

Intech Investment Management LLC lifted its stake in Lindsay Co. (NYSE:LNN) by 109.4% in the third quarter, HoldingsChannel reports. The firm owned 4,105 shares of the industrial products company’s stock after acquiring an additional 2,145 shares during the quarter. Intech Investment Management LLC’s holdings in Lindsay were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE increased its position 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 buying an additional 84 shares during the period. CWM LLC boosted its position in Lindsay by 16.8% during the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 92 shares during the last quarter. SG Americas Securities LLC acquired a new position in Lindsay during the second quarter worth approximately $279,000. Point72 Asset Management L.P. raised its holdings in Lindsay by 1,283.5% in the second quarter. Point72 Asset Management L.P. now owns 2,767 shares of the industrial products company’s stock valued at $340,000 after buying an additional 2,567 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Lindsay by 18.4% in the third quarter. Inspire Investing LLC now owns 3,374 shares of the industrial products company’s stock valued at $421,000 after buying an additional 525 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Up 0.9 %

Shares of NYSE:LNN opened at $132.77 on Monday. The company has a fifty day simple moving average of $123.44 and a 200 day simple moving average of $120.05. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.20. The firm has a market cap of $1.44 billion, a PE ratio of 22.05 and a beta of 0.61.

Lindsay (NYSE:LNN) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (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 analysts’ expectations of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. On average, equities research analysts anticipate that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is presently 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.