Wellington Management Group LLP Acquires 36,128 Shares of Lindsay Co. (NYSE:LNN)

Wellington Management Group LLP raised its holdings in shares of Lindsay Co. (NYSE:LNN - Free Report) by 35.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,170 shares of the industrial products company's stock after acquiring an additional 36,128 shares during the quarter. Wellington Management Group LLP owned approximately 1.27% of Lindsay worth $17,222,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. KBC Group NV raised its holdings in shares of Lindsay by 32.7% during the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company's stock worth $42,768,000 after acquiring an additional 84,560 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Lindsay during the 2nd quarter worth about $6,402,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Lindsay by 46.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company's stock valued at $9,342,000 after buying an additional 23,710 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Lindsay by 868.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,033 shares of the industrial products company's stock valued at $2,953,000 after buying an additional 21,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 buying an additional 21,474 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company's stock.

Lindsay Stock Down 0.1 %

NYSE LNN traded down $0.09 during trading on Friday, reaching $130.66. The company's stock had a trading volume of 130,458 shares, compared to its average volume of 87,551. The stock has a market capitalization of $1.42 billion, a PE ratio of 21.70 and a beta of 0.64. The business has a 50-day moving average price of $124.87 and a 200-day moving average price of $121.10. The company has a current ratio of 3.92, a quick ratio of 2.69 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 $135.20.

Lindsay (NYSE:LNN - Get Free Report) last announced its earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.16. The firm 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 company's revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. On average, research analysts forecast that Lindsay Co. will post 5.64 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The company also recently declared 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 1.10%. Lindsay's dividend payout ratio (DPR) is 23.92%.

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.