Lindsay Co. (NYSE:LNN) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its position in Lindsay Co. (NYSE:LNN) by 31.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,279 shares of the industrial products company’s stock after selling 2,392 shares during the period. WINTON GROUP Ltd’s holdings in Lindsay were worth $649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Lindsay during the 4th quarter valued at approximately $434,000. Charles Schwab Investment Management Inc. raised its stake in Lindsay by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,954 shares of the industrial products company’s stock valued at $15,235,000 after acquiring an additional 5,132 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Lindsay during the 4th quarter valued at approximately $753,000. Dimensional Fund Advisors LP raised its stake in Lindsay by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 312,084 shares of the industrial products company’s stock valued at $40,310,000 after acquiring an additional 14,738 shares during the last quarter. Finally, Norges Bank purchased a new stake in Lindsay during the 4th quarter valued at approximately $10,751,000. 89.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lindsay

In other news, insider James Scott Marion sold 700 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $119.00, for a total transaction of $83,300.00. Following the completion of the transaction, the insider now directly owns 6,278 shares of the company’s stock, valued at approximately $747,082. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Lindsay Stock Down 0.3 %

LNN opened at $123.13 on Wednesday. The business has a 50 day moving average price of $119.88 and a two-hundred day moving average price of $117.52. The company has a quick ratio of 2.56, a current ratio of 3.95 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.34 billion, a PE ratio of 18.68 and a beta of 0.61. Lindsay Co. has a 52 week low of $106.46 and a 52 week high of $137.31.

Lindsay (NYSE:LNN) last posted its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.17 by $0.68. The firm had revenue of $139.20 million during the quarter, compared to the consensus estimate of $144.38 million. Lindsay had a return on equity of 14.41% and a net margin of 11.75%. The firm’s revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.53 EPS. As a group, research analysts anticipate that Lindsay Co. will post 5.44 EPS for the current year.

Lindsay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Lindsay’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, August 16th. Lindsay’s dividend payout ratio is 21.85%.

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.