Candriam S.C.A. Purchases 8,499 Shares of Lindsay Co. (NYSE:LNN)

Candriam S.C.A. boosted its position in shares of Lindsay Co. (NYSE:LNN) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,174 shares of the industrial products company’s stock after acquiring an additional 8,499 shares during the quarter. Candriam S.C.A. owned 0.32% of Lindsay worth $4,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its position 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 acquiring an additional 84 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Lindsay by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 131 shares during the period. Global Retirement Partners LLC raised its position in shares of Lindsay by 10.3% in the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 86 shares during the period. Van ECK Associates Corp raised its position in shares of Lindsay by 73.1% in the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 623 shares during the period. Finally, Quadrature Capital Ltd raised its position in shares of Lindsay by 6.8% in the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 200 shares during the period. 89.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LNN has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. StockNews.com lowered shares of Lindsay from a “buy” rating to a “hold” rating in a research report on Monday, February 17th.

Lindsay Price Performance

NYSE:LNN opened at $131.95 on Friday. Lindsay Co. has a 52 week low of $109.27 and a 52 week high of $140.26. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 21.18 and a beta of 0.70. The firm’s 50-day simple moving average is $130.19 and its 200 day simple moving average is $125.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The business had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.78 million. During the same period last year, the firm earned $1.36 earnings per share. Lindsay’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Dividend Announcement

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

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.