Charles Schwab Investment Management Inc. Purchases 5,007 Shares of Lindsay Co. (NYSE:LNN)

Charles Schwab Investment Management Inc. raised its stake in Lindsay Co. (NYSE:LNN - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,952 shares of the industrial products company's stock after acquiring an additional 5,007 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.23% of Lindsay worth $16,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Royce & Associates LP lifted its stake in Lindsay by 1.6% in the 3rd quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company's stock valued at $50,442,000 after purchasing an additional 6,253 shares during the last quarter. KBC Group NV lifted its stake in shares of Lindsay by 32.7% in the 3rd quarter. KBC Group NV now owns 343,132 shares of the industrial products company's stock valued at $42,768,000 after acquiring an additional 84,560 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Lindsay by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company's stock valued at $41,975,000 after acquiring an additional 21,474 shares in the last quarter. John G Ullman & Associates Inc. grew its position in Lindsay by 2.3% during the 3rd quarter. John G Ullman & Associates Inc. now owns 58,875 shares of the industrial products company's stock worth $7,338,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in Lindsay in the 2nd quarter worth about $6,402,000. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Trading Up 0.2 %

Shares of LNN stock traded up $0.32 during mid-day trading on Friday, reaching $129.72. 53,286 shares of the stock traded hands, compared to its average volume of 74,961. The stock's fifty day simple moving average is $124.15 and its two-hundred day simple moving average is $120.55. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $135.20. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 21.55 and a beta of 0.64.

Lindsay (NYSE:LNN - Get Free Report) last posted 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. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The business had revenue of $155.00 million for the quarter, compared to the consensus estimate of $145.37 million. During the same period last year, the company earned $1.74 EPS. The firm's revenue was down 7.2% compared to the same quarter last year. On average, research analysts anticipate that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.36 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. 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.