Lindsay (NYSE:LNN) Given New $119.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered Lindsay’s price target to $119 from $121 while maintaining a “hold” rating, implying approximately 5.7% upside. The analyst consensus remains “hold” with a $119 target.
• Lindsay exceeded quarterly expectations: EPS came in at $1.10 versus the $0.98 consensus, while revenue reached $161.6 million, up 5.2% year over year and above estimates.
• Institutional ownership remains substantial, with investors holding 89.94% of shares; BlackRock and several other institutions established or increased positions during the second quarter.

Lindsay (NYSE:LNN - Get Free Report) had its price target reduced by Stifel Nicolaus from $121.00 to $119.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus's price target would suggest a potential upside of 5.70% from the stock's current price.

LNN has been the topic of a number of other reports. Zacks Research raised shares of Lindsay from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 30th. Weiss Ratings downgraded shares of Lindsay from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 16th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $119.00.

Lindsay Trading Up 5.6%

NYSE:LNN opened at $112.58 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 21.61 and a beta of 0.69. Lindsay has a fifty-two week low of $97.27 and a fifty-two week high of $148.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.93 and a quick ratio of 2.04. The stock's 50-day moving average is $114.96 and its two-hundred day moving average is $113.72.

Lindsay (NYSE:LNN - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.12. The business had revenue of $161.57 million during the quarter, compared to analyst estimates of $147.56 million. Lindsay had a net margin of 8.79% and a return on equity of 10.73%. The firm's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, equities research analysts forecast that Lindsay will post 5.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LNN. BlackRock Inc. purchased a new stake in shares of Lindsay during the 2nd quarter worth about $219,361,000. Legal & General Group Plc bought a new stake in shares of Lindsay in the 2nd quarter valued at approximately $23,537,000. Nuance Investments LLC bought a new stake in shares of Lindsay in the 2nd quarter valued at approximately $22,195,000. Amundi increased its holdings in Lindsay by 64.4% in the second quarter. Amundi now owns 423,312 shares of the industrial products company's stock worth $52,376,000 after buying an additional 165,745 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Lindsay in the second quarter worth approximately $11,869,000. 89.94% of the stock is owned by institutional investors and hedge funds.

Key Lindsay News

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Fourth-quarter earnings and revenue exceeded expectations. Lindsay reported fiscal Q4 adjusted earnings of $1.10 per share, above the $0.98 consensus estimate, while revenue rose 5.2% year over year to $161.6 million versus expectations of $147.6 million. Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Key business segments showed improved momentum. North America irrigation revenue increased 11%, infrastructure revenue rose 13%, and operating income increased 39%, supporting the view that cost control and demand in core markets are improving profitability. Lindsay Q4 operating income rises 39%
• Positive Sentiment: Lindsay agreed to acquire Setorial Irrigação in Brazil. The purchase adds a Brazilian manufacturer of hose-reel irrigation systems, expanding Lindsay’s distribution and product reach in a growing mechanized-irrigation market. Management expects approximately $8 million in net annualized cost reductions, adding a potential earnings benefit. Lindsay Announces Agreement to Acquire Setorial Irrigação
• Neutral Sentiment: Investors are weighing near-term earnings softness against longer-term growth initiatives. International irrigation revenue was roughly flat year over year, and management’s earnings-call commentary emphasized continued execution and market conditions rather than a broad-based recovery. Lindsay Corp. Balances Earnings Weakness With Growth Plans
• Neutral Sentiment: The board also adopted a fiscal 2027 executive incentive compensation plan, a routine governance action with limited immediate financial impact. Lindsay Adopts 2027 Executive Incentive Compensation Plan

Lindsay Company Profile

Lindsay Corporation is a U.S.-based manufacturer of irrigation and infrastructure products. The company's irrigation business provides center-pivot and lateral-move irrigation systems, water-management technologies, and related equipment used by agricultural producers to improve the application and conservation of water.

Lindsay's irrigation portfolio includes Zimmatic irrigation systems and digital tools such as FieldNET, which helps growers monitor and manage irrigation operations remotely.

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