IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.08 Million Position in Lindsay Corporation (NYSE:LNN)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in shares of Lindsay Corporation (NYSE:LNN - Free Report) by 30.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,466 shares of the industrial products company's stock after selling 7,052 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.15% of Lindsay worth $2,083,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC lifted its position in Lindsay by 404.3% in the 1st quarter. Jennison Associates LLC now owns 216,878 shares of the industrial products company's stock valued at $27,439,000 after acquiring an additional 173,872 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Lindsay by 37.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 331,027 shares of the industrial products company's stock valued at $39,164,000 after acquiring an additional 89,373 shares in the last quarter. GAMMA Investing LLC lifted its position in Lindsay by 19,611.6% in the 1st quarter. GAMMA Investing LLC now owns 54,404 shares of the industrial products company's stock valued at $6,883,000 after acquiring an additional 54,128 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Lindsay by 304.7% in the 4th quarter. JPMorgan Chase & Co. now owns 41,640 shares of the industrial products company's stock valued at $4,926,000 after acquiring an additional 31,351 shares in the last quarter. Finally, Lightrock Netherlands B.V. lifted its position in Lindsay by 28.8% in the 1st quarter. Lightrock Netherlands B.V. now owns 123,415 shares of the industrial products company's stock valued at $15,640,000 after acquiring an additional 27,566 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company's stock.

Insider Buying and Selling

In other news, CFO Brian L. Ketcham sold 3,999 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $149.09, for a total transaction of $596,210.91. Following the transaction, the chief financial officer directly owned 9,621 shares of the company's stock, valued at approximately $1,434,394.89. This trade represents a 29.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company's stock.

Lindsay Stock Down 2.4%

Lindsay stock opened at $133.27 on Monday. The firm has a market capitalization of $1.45 billion, a PE ratio of 19.15 and a beta of 0.81. The company's 50-day moving average is $138.78 and its 200-day moving average is $133.80. Lindsay Corporation has a fifty-two week low of $112.14 and a fifty-two week high of $150.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.64 and a quick ratio of 2.64.

Lindsay (NYSE:LNN - Get Free Report) last announced its quarterly earnings results on Thursday, June 26th. The industrial products company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.42. Lindsay had a net margin of 11.21% and a return on equity of 15.09%. The business had revenue of $169.46 million for the quarter, compared to analyst estimates of $157.87 million. During the same quarter in the prior year, the business earned $1.85 EPS. Lindsay's quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts anticipate that Lindsay Corporation will post 5.82 earnings per share for the current year.

Lindsay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.37 dividend. This is an increase from Lindsay's previous quarterly dividend of $0.36. The ex-dividend date is Friday, August 15th. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. Lindsay's dividend payout ratio (DPR) is currently 20.69%.

Analyst Upgrades and Downgrades

LNN has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Lindsay from $128.00 to $136.00 and gave the stock a "hold" rating in a research report on Friday, June 27th. Wall Street Zen raised shares of Lindsay from a "hold" rating to a "buy" rating in a research report 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.

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