Stephens Investment Management Group LLC Has $10.95 Million Stock Holdings in Lindsay Co. (NYSE:LNN)

Stephens Investment Management Group LLC lowered its stake in shares of Lindsay Co. (NYSE:LNN - Free Report) by 15.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 87,835 shares of the industrial products company's stock after selling 15,876 shares during the period. Stephens Investment Management Group LLC owned approximately 0.81% of Lindsay worth $10,948,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Deprince Race & Zollo Inc. acquired a new position in Lindsay in the 2nd quarter valued at approximately $6,402,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lindsay by 868.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,033 shares of the industrial products company's stock valued at $2,953,000 after purchasing an additional 21,551 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Lindsay by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company's stock worth $41,975,000 after purchasing an additional 21,474 shares during the period. Panagora Asset Management Inc. acquired a new stake in Lindsay during the second quarter worth $2,111,000. Finally, Squarepoint Ops LLC increased its holdings in Lindsay by 90.9% in the 2nd quarter. Squarepoint Ops LLC now owns 28,388 shares of the industrial products company's stock valued at $3,488,000 after buying an additional 13,519 shares during the period. Institutional investors own 89.94% of the company's stock.

Lindsay Price Performance

Shares of LNN stock traded up $0.09 during mid-day trading on Friday, reaching $119.79. The company's stock had a trading volume of 35,705 shares, compared to its average volume of 66,502. The firm's 50-day moving average is $120.66 and its two-hundred day moving average is $118.64. The company has a market cap of $1.30 billion, a P/E ratio of 19.90 and a beta of 0.61. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $135.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.92.

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

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend 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.