Lindsay Corporation (NYSE:LNN) Shares Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. grew its position in Lindsay Corporation (NYSE:LNN - Free Report) by 28.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,415 shares of the industrial products company's stock after purchasing an additional 27,566 shares during the quarter. Lindsay comprises approximately 4.1% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 4th biggest holding. Lightrock Netherlands B.V. owned about 1.14% of Lindsay worth $15,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Lindsay by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,260,171 shares of the industrial products company's stock valued at $149,091,000 after acquiring an additional 10,649 shares during the last quarter. KBC Group NV boosted its holdings in Lindsay by 1.4% in the first quarter. KBC Group NV now owns 353,238 shares of the industrial products company's stock valued at $44,692,000 after purchasing an additional 4,724 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lindsay by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 345,943 shares of the industrial products company's stock valued at $40,929,000 after purchasing an additional 2,207 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Lindsay by 37.0% in the fourth 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 purchasing an additional 89,373 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Lindsay by 3.7% in the fourth quarter. First Trust Advisors LP now owns 207,403 shares of the industrial products company's stock valued at $24,538,000 after purchasing an additional 7,362 shares during the last quarter. 89.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on LNN shares. Wall Street Zen raised shares of Lindsay from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Stifel Nicolaus upped their price objective 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.

Lindsay Price Performance

Shares of Lindsay stock traded up $1.18 during trading hours on Friday, reaching $148.29. The stock had a trading volume of 237,756 shares, compared to its average volume of 81,713. The firm has a market capitalization of $1.61 billion, a PE ratio of 21.31 and a beta of 0.82. The stock's 50 day moving average is $137.79 and its 200 day moving average is $131.44. The company has a current ratio of 3.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.22. Lindsay Corporation has a twelve month low of $109.27 and a twelve month high of $150.96.

Lindsay (NYSE:LNN - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.42. Lindsay had a return on equity of 15.09% and a net margin of 11.21%. The company had revenue of $169.46 million for the quarter, compared to analysts' expectations of $157.87 million. During the same period in the previous year, the firm posted $1.85 EPS. Lindsay's revenue was up 21.8% compared to the same quarter last year. Equities analysts expect that Lindsay Corporation will post 5.82 earnings per share for the current fiscal year.

Lindsay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Lindsay's previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.00%. Lindsay's payout ratio is currently 20.69%.

Insider Activity at Lindsay

In other Lindsay news, CFO Brian L. Ketcham sold 3,999 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $149.09, for a total value of $596,210.91. Following the transaction, the chief financial officer owned 9,621 shares in the company, valued at approximately $1,434,394.89. This trade represents a 29.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company's stock.

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.