Deutsche Bank AG Raises Stock Position in Lindsay Co. (NYSE:LNN)

Deutsche Bank AG grew its position in shares of Lindsay Co. (NYSE:LNN - Free Report) by 48.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,572 shares of the industrial products company's stock after purchasing an additional 3,454 shares during the period. Deutsche Bank AG owned approximately 0.10% of Lindsay worth $1,251,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. AlphaQuest LLC acquired a new position in Lindsay in the fourth quarter valued at $32,000. Global Retirement Partners LLC grew its holdings in shares of Lindsay by 10.3% during 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 last quarter. Van ECK Associates Corp boosted its position in shares of Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock worth $175,000 after buying an additional 623 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Lindsay by 729.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,709 shares of the industrial products company's stock worth $202,000 after buying an additional 1,503 shares during the period. Finally, Gitterman Wealth Management LLC lifted its position in Lindsay by 6.1% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock worth $207,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 89.94% of the company's stock.

Lindsay Price Performance

Shares of Lindsay stock traded down $0.44 during trading on Friday, reaching $140.30. 5,120 shares of the company's stock were exchanged, compared to its average volume of 84,632. 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 Co. has a 1-year low of $109.27 and a 1-year high of $143.69. The company has a market cap of $1.52 billion, a P/E ratio of 22.52 and a beta of 0.81. The firm's 50-day moving average price is $130.74 and its 200 day moving average price is $129.65.

Lindsay (NYSE:LNN - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The industrial products company reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.55. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company had revenue of $187.10 million during the quarter, compared to the consensus estimate of $174.50 million. During the same period last year, the business posted $1.64 earnings per share. Lindsay's revenue was up 23.5% on a year-over-year basis. As a group, research analysts anticipate 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 will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, May 16th. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. Lindsay's dividend payout ratio is presently 20.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on Lindsay from $134.00 to $128.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen upgraded Lindsay from a "hold" rating to a "buy" rating in a research note on Friday, April 11th.

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.