Lindsay Co. (NYSE:LNN) Shares Sold by Nuance Investments LLC

Nuance Investments LLC trimmed its position in Lindsay Co. (NYSE:LNN - Free Report) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,845 shares of the industrial products company's stock after selling 59,934 shares during the quarter. Nuance Investments LLC owned about 1.57% of Lindsay worth $20,213,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LNN. Vanguard Group Inc. increased its stake in Lindsay by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,260,171 shares of the industrial products company's stock worth $149,091,000 after acquiring an additional 10,649 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Lindsay during the 4th quarter worth about $260,000. American Century Companies Inc. raised its holdings in Lindsay by 5.4% in the 4th quarter. American Century Companies Inc. now owns 43,802 shares of the industrial products company's stock valued at $5,182,000 after buying an additional 2,229 shares during the period. Virtu Financial LLC acquired a new position in Lindsay in the fourth quarter valued at about $353,000. Finally, Teacher Retirement System of Texas boosted its stake in Lindsay by 232.9% during the fourth quarter. Teacher Retirement System of Texas now owns 16,404 shares of the industrial products company's stock worth $1,941,000 after buying an additional 11,477 shares during the period. Hedge funds and other institutional investors own 89.94% of the company's stock.

Lindsay Trading Down 3.4 %

NYSE:LNN traded down $4.43 on Friday, reaching $126.55. 49,919 shares of the company's stock were exchanged, compared to its average volume of 85,855. The business has a fifty day moving average of $132.00 and a 200-day moving average of $126.77. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $140.27. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 20.31 and a beta of 0.70.

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Lindsay (NYSE:LNN - Get Free Report) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.18. The company had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. As a group, analysts expect that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.44 annualized dividend and a yield of 1.14%. Lindsay's payout ratio is 23.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LNN shares. StockNews.com raised shares of Lindsay from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus boosted their target price on Lindsay from $126.00 to $130.00 and gave the company a "hold" rating in a research 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.