Lindsay Co. (NYSE:LNN) Director Si Pablo Di Sells 111 Shares

Lindsay Co. (NYSE:LNN) Director Si Pablo Di sold 111 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $132.91, for a total value of $14,753.01. Following the completion of the sale, the director now owns 3,322 shares in the company, valued at $441,527.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lindsay Stock Down 1.5 %

Shares of NYSE:LNN opened at $126.37 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $135.05. The stock’s fifty day simple moving average is $120.88 and its 200-day simple moving average is $118.99. The company has a market capitalization of $1.37 billion, a P/E ratio of 20.99 and a beta of 0.61.

Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.16. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The business had revenue of $155.00 million for the quarter, compared to the consensus estimate of $145.37 million. During the same period in the prior year, the business earned $1.74 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts forecast that Lindsay Co. will post 5.66 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.44 annualized dividend and a yield of 1.14%. Lindsay’s dividend payout ratio (DPR) is presently 23.92%.

Hedge Funds Weigh In On Lindsay

Several large investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its stake in shares of Lindsay by 45.9% in the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. CWM LLC grew its stake in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after buying an additional 92 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Lindsay by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the industrial products company’s stock valued at $688,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Lindsay by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 9,654 shares of the industrial products company’s stock valued at $1,136,000 after buying an additional 143 shares in the last quarter. Finally, Rodgers Brothers Inc. grew its stake in shares of Lindsay by 0.4% in the first quarter. Rodgers Brothers Inc. now owns 49,760 shares of the industrial products company’s stock valued at $5,855,000 after buying an additional 200 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

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.