Lindsay Co. (NYSE:LNN) Shares Bought by KBC Group NV

KBC Group NV lifted its holdings in shares of Lindsay Co. (NYSE:LNN - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,514 shares of the industrial products company's stock after buying an additional 5,382 shares during the quarter. KBC Group NV owned approximately 3.21% of Lindsay worth $41,233,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Lindsay during the fourth quarter worth approximately $679,000. SG Americas Securities LLC increased its position in shares of Lindsay by 746.5% during the fourth quarter. SG Americas Securities LLC now owns 52,138 shares of the industrial products company's stock worth $6,168,000 after purchasing an additional 45,979 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Barclays PLC increased its position in shares of Lindsay by 248.8% during the third quarter. Barclays PLC now owns 19,607 shares of the industrial products company's stock worth $2,446,000 after purchasing an additional 13,986 shares in the last quarter. Finally, Pier Capital LLC increased its position in shares of Lindsay by 19.1% during the third quarter. Pier Capital LLC now owns 71,246 shares of the industrial products company's stock worth $8,880,000 after purchasing an additional 11,446 shares in the last quarter. 89.94% of the stock is owned by institutional investors and hedge funds.

Lindsay Trading Down 1.3 %

NYSE:LNN traded down $1.86 during trading hours on Tuesday, hitting $136.85. The company had a trading volume of 84,149 shares, compared to its average volume of 85,450. The company has a market cap of $1.49 billion, a P/E ratio of 21.97 and a beta of 0.66. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $140.27. The company has a 50-day moving average of $127.54 and a 200 day moving average of $123.44.

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 for the quarter, topping analysts' consensus estimates of $1.39 by $0.18. The business had revenue of $166.30 million during the quarter, compared to analysts' expectations of $169.78 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company's revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. Sell-side analysts expect that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, February 14th. Lindsay's dividend payout ratio is presently 23.11%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LNN shares. StockNews.com upgraded Lindsay from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Stifel Nicolaus upped their target price on Lindsay from $126.00 to $130.00 and gave the company a "hold" rating in a report on Wednesday, January 8th.

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.