Candriam S.C.A. Has $4.16 Million Stake in Lindsay Co. (NYSE:LNN)

Candriam S.C.A. boosted its position in shares of Lindsay Co. (NYSE:LNN) by 31.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,174 shares of the industrial products company’s stock after purchasing an additional 8,499 shares during the period. Candriam S.C.A.’s holdings in Lindsay were worth $4,161,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LNN. US Bancorp DE grew its stake in Lindsay by 45.9% during the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock worth $33,000 after buying an additional 84 shares in the last quarter. GAMMA Investing LLC grew its stake in Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock worth $33,000 after buying an additional 131 shares in the last quarter. Global Retirement Partners LLC grew its stake in Lindsay by 10.3% during the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock worth $109,000 after buying an additional 86 shares in the last quarter. Van ECK Associates Corp grew its stake in Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock worth $175,000 after buying an additional 623 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in Lindsay by 6.8% during the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after buying an additional 200 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on LNN. Stifel Nicolaus raised their price target on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Lindsay from a “buy” rating to a “hold” rating in a research note on Monday, February 17th.

Lindsay Trading Up 1.5 %

LNN opened at $131.95 on Friday. The company’s 50 day moving average is $130.19 and its 200-day moving average is $125.87. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $140.26. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.43 billion, a P/E ratio of 21.18 and a beta of 0.70.

Lindsay (NYSE:LNN) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.18. The business had revenue of $166.30 million during 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 quarter last year, the business earned $1.36 EPS. Equities research analysts predict that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. Lindsay’s dividend payout ratio (DPR) is presently 23.11%.

About Lindsay

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.