Lindsay Co. (NYSE:LNN) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Lindsay Co. (NYSE:LNN - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,403 shares of the industrial products company's stock after acquiring an additional 7,362 shares during the period. First Trust Advisors LP owned 1.91% of Lindsay worth $24,538,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in Lindsay in the 4th quarter valued at about $32,000. GAMMA Investing LLC increased its position in Lindsay by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock worth $33,000 after purchasing an additional 131 shares during the period. Global Retirement Partners LLC raised its stake in shares of Lindsay by 10.3% during the 4th quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company's stock worth $109,000 after buying an additional 86 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Lindsay by 73.1% during the 4th quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock worth $175,000 after buying an additional 623 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its stake in shares of Lindsay by 6.1% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock worth $207,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus cut their target price on Lindsay from $134.00 to $128.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. StockNews.com raised Lindsay from a "hold" rating to a "buy" rating in a research note on Friday, April 11th.

Lindsay Stock Performance

Shares of LNN stock traded up $0.90 during trading hours on Tuesday, reaching $129.22. 43,511 shares of the company's stock were exchanged, compared to its average volume of 86,099. The company has a market cap of $1.40 billion, a P/E ratio of 20.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. The company's 50 day moving average is $127.89 and its two-hundred day moving average is $127.20. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $140.27.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.55. The business had revenue of $187.10 million for the quarter, compared to analysts' expectations of $174.50 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities research analysts anticipate that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, May 16th. Lindsay's dividend payout ratio is currently 20.48%.

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.