John G Ullman & Associates Inc. Raises Position in Lindsay Co. (NYSE:LNN)

John G Ullman & Associates Inc. boosted its stake in Lindsay Co. (NYSE:LNN) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,875 shares of the industrial products company’s stock after buying an additional 1,316 shares during the quarter. Lindsay makes up 1.1% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 27th largest holding. John G Ullman & Associates Inc. owned 0.54% of Lindsay worth $7,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. US Bancorp DE boosted its holdings 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 purchasing an additional 84 shares during the last quarter. CWM LLC boosted its stake in shares of Lindsay by 16.8% in the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after buying an additional 92 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Lindsay in the first quarter valued at approximately $145,000. Intech Investment Management LLC purchased a new stake in shares of Lindsay during the second quarter valued at approximately $241,000. Finally, SG Americas Securities LLC bought a new stake in Lindsay during the second quarter worth $279,000. 89.94% of the stock is currently owned by institutional investors.

Lindsay Price Performance

LNN opened at $128.01 on Thursday. Lindsay Co. has a fifty-two week low of $109.27 and a fifty-two week high of $135.05. The firm has a 50-day moving average of $122.17 and a 200 day moving average of $119.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.92. The firm has a market cap of $1.39 billion, a P/E ratio of 21.26 and a beta of 0.61.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.16. The company had revenue of $155.00 million during the quarter, compared to the consensus estimate of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 EPS. On average, research analysts expect that Lindsay Co. will post 5.66 EPS for the current year.

Lindsay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. Lindsay’s payout ratio is 23.92%.

Lindsay 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.