Lindsay Co. (NYSE:LNN) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Lindsay Co. (NYSE:LNN - Free Report) by 248.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,607 shares of the industrial products company's stock after purchasing an additional 13,986 shares during the period. Barclays PLC owned about 0.18% of Lindsay worth $2,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Atom Investors LP purchased a new position in shares of Lindsay in the 3rd quarter valued at about $731,000. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Lindsay during the 2nd quarter worth approximately $1,327,000. Deprince Race & Zollo Inc. purchased a new position in shares of Lindsay during the 2nd quarter valued at approximately $6,402,000. Victory Capital Management Inc. lifted its position in shares of Lindsay by 139.4% during the 2nd quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company's stock valued at $1,446,000 after buying an additional 6,853 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in Lindsay in the 2nd quarter valued at $2,111,000. Institutional investors and hedge funds own 89.94% of the company's stock.

Lindsay Price Performance

NYSE:LNN traded down $0.72 during trading hours on Thursday, reaching $121.75. 37,854 shares of the company were exchanged, compared to its average volume of 87,746. 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 firm has a market cap of $1.32 billion, a PE ratio of 20.22 and a beta of 0.64. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $135.20. The stock's 50-day moving average is $125.41 and its 200-day moving average is $121.65.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.16. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The firm had revenue of $155.00 million during the quarter, compared to the consensus estimate of $145.37 million. During the same quarter in the prior year, the firm earned $1.74 EPS. The company's revenue for the quarter was down 7.2% on a year-over-year basis. On average, sell-side analysts anticipate 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 1.18%. The ex-dividend date was Friday, November 15th. Lindsay's payout ratio is 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.