IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.78 Million Position in Lindsay Co. (NYSE:LNN)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its holdings in shares of Lindsay Co. (NYSE:LNN - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,518 shares of the industrial products company's stock after selling 3,326 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.22% of Lindsay worth $2,782,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in Lindsay during the 4th quarter worth about $32,000. GAMMA Investing LLC increased its holdings in shares of Lindsay by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Global Retirement Partners LLC raised its position in Lindsay by 10.3% in the 4th quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company's stock worth $109,000 after purchasing an additional 86 shares during the last quarter. Van ECK Associates Corp lifted its holdings in 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 boosted its position in Lindsay by 6.1% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock valued at $207,000 after buying an additional 101 shares during the last quarter. Institutional investors own 89.94% of the company's stock.

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Lindsay Trading Down 0.4 %

Shares of Lindsay stock traded down $0.47 during trading on Monday, hitting $126.24. 14,070 shares of the company were exchanged, compared to its average volume of 85,573. The firm has a market capitalization of $1.37 billion, a P/E ratio of 20.28 and a beta of 0.70. The firm's fifty day moving average price is $132.00 and its 200 day moving average price is $126.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. 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 issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.18. The firm had revenue of $166.30 million during the quarter, compared to analysts' expectations of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. As a group, sell-side analysts expect that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 14th. Lindsay's payout ratio is presently 23.11%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNN. Stifel Nicolaus upped their price target on Lindsay from $126.00 to $130.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a research 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.