Robeco Schweiz AG Sells 25,293 Shares of Lindsay Corporation (NYSE:LNN)

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

A number of other large investors have also made changes to their positions in LNN. T. Rowe Price Investment Management Inc. lifted its position in Lindsay by 37.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 331,027 shares of the industrial products company's stock worth $39,164,000 after acquiring an additional 89,373 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Lindsay by 19,611.6% in the 1st quarter. GAMMA Investing LLC now owns 54,404 shares of the industrial products company's stock worth $6,883,000 after purchasing an additional 54,128 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Lindsay by 304.7% during the 4th quarter. JPMorgan Chase & Co. now owns 41,640 shares of the industrial products company's stock valued at $4,926,000 after purchasing an additional 31,351 shares in the last quarter. Lightrock Netherlands B.V. grew its holdings in Lindsay by 28.8% in the first quarter. Lightrock Netherlands B.V. now owns 123,415 shares of the industrial products company's stock worth $15,640,000 after purchasing an additional 27,566 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in shares of Lindsay during the fourth quarter worth approximately $2,885,000. Institutional investors own 89.94% of the company's stock.

Lindsay Stock Down 1.4%

LNN stock traded down $1.99 on Monday, reaching $136.15. 156,025 shares of the company traded hands, compared to its average volume of 97,646. The company has a market cap of $1.48 billion, a P/E ratio of 19.56 and a beta of 0.82. 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 Corporation has a one year low of $112.14 and a one year high of $150.96. The firm has a fifty day simple moving average of $139.07 and a 200-day simple moving average of $132.28.

Lindsay (NYSE:LNN - Get Free Report) last announced its earnings results on Thursday, June 26th. The industrial products company reported $1.78 earnings per share 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 during the quarter, compared to analyst estimates of $157.87 million. During the same period in the previous year, the business earned $1.85 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Research analysts anticipate that Lindsay Corporation will post 5.82 earnings per share for the current year.

Lindsay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 1.09%. The ex-dividend date of this dividend is Friday, August 15th. Lindsay's dividend payout ratio (DPR) is 20.69%.

Wall Street Analyst Weigh In

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

Insider Activity 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 value of $596,210.91. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Lindsay Company 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.