Lindsay Co. (NYSE:LNN) Holdings Lifted by Candriam S.C.A.

Candriam S.C.A. increased its holdings in Lindsay Co. (NYSE:LNN - Free Report) by 31.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,174 shares of the industrial products company's stock after buying an additional 8,499 shares during the period. Candriam S.C.A. owned about 0.32% of Lindsay worth $4,161,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LNN. Raymond James Financial Inc. acquired a new position in Lindsay during the 4th quarter valued at approximately $611,000. Keybank National Association OH grew its position in shares of Lindsay by 23.5% during the fourth quarter. Keybank National Association OH now owns 3,775 shares of the industrial products company's stock worth $447,000 after acquiring an additional 718 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lindsay by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 138,092 shares of the industrial products company's stock valued at $16,338,000 after purchasing an additional 5,140 shares during the last quarter. John G Ullman & Associates Inc. boosted its stake in Lindsay by 0.8% during the 4th quarter. John G Ullman & Associates Inc. now owns 59,375 shares of the industrial products company's stock valued at $7,025,000 after purchasing an additional 500 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Lindsay in the 4th quarter worth about $679,000. 89.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LNN shares. Stifel Nicolaus boosted their price objective on Lindsay from $126.00 to $130.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. StockNews.com cut shares of Lindsay from a "buy" rating to a "hold" rating in a research note on Monday, February 17th.

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Lindsay Price Performance

LNN traded down $2.54 during trading on Wednesday, reaching $127.87. The stock had a trading volume of 107,018 shares, compared to its average volume of 84,795. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $140.27. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $130.68 and a two-hundred day moving average of $126.02. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.52 and a beta of 0.70.

Lindsay (NYSE:LNN - Get Free Report) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.18. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The firm had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.78 million. During the same period in the previous year, the company earned $1.36 earnings per share. Lindsay's revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. Lindsay's dividend payout ratio (DPR) is presently 23.11%.

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.