Lindsay Corporation (NYSE:LNN) Stake Trimmed by Robeco Schweiz AG

Robeco Schweiz AG cut its position in shares of Lindsay Corporation (NYSE:LNN - Free Report) by 19.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,436 shares of the industrial products company's stock after selling 25,293 shares during the quarter. Robeco Schweiz AG owned 0.95% of Lindsay worth $13,087,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its stake in Lindsay by 1.8% in the fourth quarter. Corient Private Wealth LLC now owns 4,515 shares of the industrial products company's stock valued at $534,000 after buying an additional 78 shares during the last quarter. Gitterman Wealth Management LLC raised its stake in shares of Lindsay by 6.1% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock valued at $207,000 after purchasing an additional 101 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lindsay by 55.8% during the first quarter. GAMMA Investing LLC now owns 430 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 154 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Lindsay by 1.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 10,588 shares of the industrial products company's stock valued at $1,253,000 after purchasing an additional 177 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Lindsay by 12.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,891 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 214 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Lindsay from $128.00 to $136.00 and gave the company a "hold" rating in a research note on Friday, June 27th. Wall Street Zen upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a research note on Friday, April 11th.

Insider Transactions at Lindsay

In related news, CFO Brian L. Ketcham sold 3,999 shares of Lindsay stock in a transaction dated Tuesday, July 1st. The stock was 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 $1,434,394.89. The trade was a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Lindsay Price Performance

NYSE:LNN traded down $2.57 during mid-day trading on Friday, reaching $138.13. 146,357 shares of the stock were exchanged, compared to its average volume of 83,773. The business has a fifty day moving average price of $139.07 and a 200 day moving average price of $132.14. The firm has a market capitalization of $1.50 billion, a PE ratio of 19.85 and a beta of 0.82. Lindsay Corporation has a 1-year low of $112.14 and a 1-year high of $150.96. 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 (NYSE:LNN - Get Free Report) last released its earnings results on Thursday, June 26th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.42. The firm had revenue of $169.46 million for the quarter, compared to analyst estimates of $157.87 million. Lindsay had a return on equity of 15.09% and a net margin of 11.21%. Lindsay's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. Research analysts expect that Lindsay Corporation will post 5.82 earnings per share for the current fiscal year.

Lindsay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.37 per share. 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 yield of 1.07%. The ex-dividend date is Friday, August 15th. Lindsay's payout ratio is presently 20.69%.

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.