2 weeks Ago By Defense World Staff
Prudential Financial Inc. lowered its position in shares of Lindsay Co. ( NYSE:LNN – Free Report ) by 1.
2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,104 shares of the industrial products company’s stock after selling 130 shares during the quarter. Prudential Financial Inc.
owned 0.10% of Lindsay worth $1,314,000 as of its most recent filing with the SEC. Several other hedge funds also recently made changes to their positions in LNN.
Charles Schwab Investment Management Inc. lifted its position in Lindsay by 3.9% in the third quarter.
Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company’s stock valued at $16,571,000 after purchasing an additional 5,007 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Lindsay by 8.
3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,026 shares of the industrial products company’s stock valued at $626,000 after buying an additional 384 shares during the period. Verition Fund Management LLC boosted its stake in shares of Lindsay by 21.
1% in the third quarter. Verition Fund Management LLC now owns 4,333 shares of the industrial products company’s stock valued at $540,000 after buying an additional 754 shares in the last quarter. Quadrature Capital Ltd grew its holdings 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 acquiring an additional 200 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Lindsay by 35.
4% during the third quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company’s stock worth $17,222,000 after acquiring an additional 36,128 shares during the period. Institutional investors and hedge funds own 89.
94% of the company’s stock. Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on LNN shares. Stifel Nicolaus upped their price target on shares of Lindsay from $130.
00 to $134.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.
com downgraded shares of Lindsay from a “buy” rating to a “hold” rating in a report on Thursday. Lindsay Stock Performance Shares of LNN stock opened at $119.75 on Friday.
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 cap of $1.30 billion, a PE ratio of 19.
22 and a beta of 0.72. Lindsay Co.
has a 1 year low of $109.27 and a 1 year high of $140.27.
The stock has a fifty day moving average price of $131.04 and a 200 day moving average price of $127.01.
Lindsay ( NYSE:LNN – Get Free Report ) last released its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.
89 by $0.55. Lindsay had a net margin of 11.
18% and a return on equity of 13.17%. The business had revenue of $187.
10 million for the quarter, compared to analyst estimates of $174.50 million. During the same period in the previous year, the firm earned $1.
64 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year.
Sell-side analysts forecast that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.
Lindsay Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.36 per share.
This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%.
Lindsay’s dividend payout ratio (DPR) is 23.11%. Lindsay Profile ( 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. Read More Five stocks we like better than Lindsay How to start investing in penny stocks Conagra Stock Could Thrive as Tariffs Hit Other Sectors 5 discounted opportunities for dividend growth investors Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds What is the Shanghai Stock Exchange Composite Index? Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? 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. ( NYSE:LNN – Free Report ). Receive News & Ratings for Lindsay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay and related companies with MarketBeat.
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