KBC Group NV Has $42.77 Million Stock Holdings in Lindsay Co. (NYSE:LNN)

KBC Group NV increased its position in shares of Lindsay Co. (NYSE:LNN - Free Report) by 32.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 343,132 shares of the industrial products company's stock after buying an additional 84,560 shares during the period. KBC Group NV owned 3.16% of Lindsay worth $42,768,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in LNN. US Bancorp DE increased its holdings in shares of Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. CWM LLC increased its stake in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company's stock worth $80,000 after buying an additional 92 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Lindsay in the first quarter worth $145,000. Quantbot Technologies LP acquired a new position in Lindsay in the first quarter worth $239,000. Finally, Intech Investment Management LLC acquired a new position in shares of Lindsay during the second quarter valued at $241,000. 89.94% of the stock is owned by hedge funds and other institutional investors.

Lindsay Price Performance

Lindsay stock traded down $0.80 during midday trading on Friday, hitting $123.25. The company's stock had a trading volume of 62,546 shares, compared to its average volume of 88,641. The stock's 50-day moving average price is $121.35 and its 200-day moving average price is $119.22. 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 capitalization of $1.34 billion, a PE ratio of 20.67 and a beta of 0.61. Lindsay Co. has a 12 month low of $109.27 and a 12 month high of $135.05.

Lindsay (NYSE:LNN - Get Free Report) last announced its earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.16. The firm had revenue of $155.00 million during the quarter, compared to analysts' expectations of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company's revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. Analysts anticipate that Lindsay Co. will post 5.66 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. 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.