Nuance Investments LLC Sells 39,262 Shares of Lindsay Co. (NYSE:LNN)

Nuance Investments LLC reduced its position in shares of Lindsay Co. (NYSE:LNN - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,779 shares of the industrial products company's stock after selling 39,262 shares during the quarter. Nuance Investments LLC owned 2.13% of Lindsay worth $28,764,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lombard Odier Asset Management Europe Ltd purchased a new stake in Lindsay in the 2nd quarter worth about $1,327,000. Victory Capital Management Inc. lifted its position in shares of Lindsay by 139.4% in the second quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company's stock worth $1,446,000 after purchasing an additional 6,853 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Lindsay in the second quarter worth approximately $6,402,000. Panagora Asset Management Inc. purchased a new position in Lindsay during the second quarter valued at approximately $2,111,000. Finally, XTX Topco Ltd purchased a new position in shares of Lindsay during the 2nd quarter valued at $500,000. Hedge funds and other institutional investors own 89.94% of the company's stock.

Lindsay Stock Up 2.5 %

Shares of Lindsay stock traded up $3.11 on Wednesday, hitting $128.01. 72,271 shares of the company traded hands, compared to its average volume of 88,405. The company has a 50-day moving average price of $122.17 and a 200 day moving average price of $119.44. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.05. The company has a market cap of $1.39 billion, a PE ratio of 21.26 and a beta of 0.61.

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 (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.16. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The business had revenue of $155.00 million during the quarter, compared to analyst estimates of $145.37 million. During the same quarter in the previous year, the business earned $1.74 EPS. Lindsay's quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts predict that Lindsay Co. will post 5.66 earnings per share for the current year.

Lindsay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, November 15th. Lindsay's dividend payout ratio is 23.92%.

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.