Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Lindsay Co. (NYSE:LNN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lindsay Co. (NYSE:LNN - Free Report) by 29.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,134 shares of the industrial products company's stock after buying an additional 7,101 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.29% of Lindsay worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LNN. Royce & Associates LP grew its stake in shares of Lindsay by 1.6% during the third quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company's stock valued at $50,442,000 after buying an additional 6,253 shares during the last quarter. KBC Group NV lifted its position in Lindsay by 32.7% in the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company's stock valued at $42,768,000 after purchasing an additional 84,560 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company's stock valued at $41,975,000 after purchasing an additional 21,474 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Lindsay by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company's stock worth $16,571,000 after purchasing an additional 5,007 shares during the last quarter. Finally, John G Ullman & Associates Inc. increased its stake in shares of Lindsay by 2.3% in the third quarter. John G Ullman & Associates Inc. now owns 58,875 shares of the industrial products company's stock worth $7,338,000 after buying an additional 1,316 shares during the period. 89.94% of the stock is currently owned by institutional investors.

Lindsay Trading Down 2.4 %

LNN traded down $3.21 during trading on Tuesday, hitting $129.47. 51,172 shares of the stock traded hands, compared to its average volume of 87,869. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.92 and a quick ratio of 2.69. The firm has a market capitalization of $1.40 billion, a P/E ratio of 21.52 and a beta of 0.64. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.20. The firm has a 50-day moving average of $123.62 and a 200 day moving average of $120.17.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.16. The business 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 business's revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. Equities research analysts anticipate that Lindsay Co. will post 5.66 EPS for the current year.

Lindsay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders 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 annualized dividend and a yield of 1.11%. Lindsay's dividend payout ratio (DPR) is presently 23.92%.

About Lindsay

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.