Charles Schwab Investment Management Inc. Boosts Stock Position in Lindsay Co. (NYSE:LNN)

Charles Schwab Investment Management Inc. lifted its holdings in Lindsay Co. (NYSE:LNN - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,092 shares of the industrial products company's stock after purchasing an additional 5,140 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of Lindsay worth $16,338,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LNN. Atom Investors LP purchased a new position in shares of Lindsay in the 3rd quarter valued at about $731,000. Barclays PLC grew its holdings in Lindsay by 248.8% during the 3rd quarter. Barclays PLC now owns 19,607 shares of the industrial products company's stock worth $2,446,000 after acquiring an additional 13,986 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Lindsay in the 4th quarter valued at approximately $679,000. KBC Group NV lifted its position in shares of Lindsay by 1.6% during the 4th quarter. KBC Group NV now owns 348,514 shares of the industrial products company's stock worth $41,233,000 after purchasing an additional 5,382 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Lindsay by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 53,828 shares of the industrial products company's stock worth $6,368,000 after purchasing an additional 1,324 shares in the last quarter. 89.94% of the stock is owned by hedge funds and other institutional investors.

Lindsay Stock Performance

Shares of LNN stock traded up $1.63 during mid-day trading on Monday, hitting $128.55. 63,327 shares of the stock were exchanged, compared to its average volume of 83,935. The stock's fifty day simple moving average is $132.05 and its two-hundred day simple moving average is $126.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $140.27. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.63 and a beta of 0.70.

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Lindsay (NYSE:LNN - Get Free Report) last released its quarterly 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 the consensus estimate of $169.78 million. During the same quarter last year, the business posted $1.36 EPS. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.44 annualized dividend and a yield of 1.12%. Lindsay's dividend payout ratio (DPR) is 23.11%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LNN shares. Stifel Nicolaus lifted their price target on Lindsay from $126.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. StockNews.com raised Lindsay from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th.

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.