1 week Ago By ABMN Staff
Norges Bank purchased a new stake in Lindsay Co. ( NYSE:LNN – Free Report ) in the fourth quarter, Holdings Channel.com reports.
The firm purchased 12,469 shares of the industrial products company’s stock, valued at approximately $1,475,000. Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Lindsay by 248.
8% during the third quarter. Barclays PLC now owns 19,607 shares of the industrial products company’s stock worth $2,446,000 after purchasing an additional 13,986 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Lindsay during the 4th quarter worth $679,000.
KBC Group NV boosted its position in Lindsay by 1.6% in the 4th quarter. KBC Group NV now owns 348,514 shares of the industrial products company’s stock valued at $41,233,000 after buying an additional 5,382 shares during the last quarter.
Principal Financial Group Inc. increased its stake in shares of Lindsay by 2.5% in the 4th quarter.
Principal Financial Group Inc. now owns 53,828 shares of the industrial products company’s stock valued at $6,368,000 after buying an additional 1,324 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Lindsay during the fourth quarter worth $32,000.
Institutional investors and hedge funds own 89.94% of the company’s stock. Lindsay Stock Performance Shares of Lindsay stock opened at $127.
30 on Friday. The firm has a fifty day moving average of $129.27 and a two-hundred day moving average of $126.
89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.
65 and a current ratio of 3.87. The stock has a market capitalization of $1.
38 billion, a price-to-earnings ratio of 20.43 and a beta of 0.72.
Lindsay Co. has a 52 week low of $109.27 and a 52 week high of $140.
27. Lindsay Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.
36 per share. This represents a $1.44 annualized dividend and a yield of 1.
13%. The ex-dividend date of this dividend is Friday, May 16th. Lindsay’s payout ratio is 20.
48%. Analysts Set New Price Targets LNN has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Lindsay from $130.
00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 4th. StockNews.
com raised shares of Lindsay from a “hold” rating to a “buy” rating in a research note on Friday. Read Our Latest Report on LNN About Lindsay ( Free Report ) 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. See Also Want to see what other hedge funds are holding LNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lindsay Co.
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