Lindsay Co. (NYSE:LNN) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Lindsay Co. (NYSE:LNN - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 345,943 shares of the industrial products company's stock after purchasing an additional 2,207 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.18% of Lindsay worth $40,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNN. Corient Private Wealth LLC increased its position in shares of Lindsay by 1.8% during 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 period. Global Retirement Partners LLC increased its stake in shares of Lindsay by 10.3% in the 4th quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company's stock worth $109,000 after acquiring an additional 86 shares in the last quarter. Gitterman Wealth Management LLC increased its position 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 acquiring an additional 101 shares in the last quarter. GAMMA Investing LLC lifted its position in Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 131 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Lindsay by 1.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,588 shares of the industrial products company's stock worth $1,253,000 after purchasing an additional 177 shares during the period. 89.94% of the stock is owned by institutional investors and hedge funds.

Lindsay Trading Up 1.7 %

Lindsay stock traded up $2.23 during trading on Tuesday, reaching $134.36. 98,033 shares of the company were exchanged, compared to its average volume of 85,536. The company has a market capitalization of $1.46 billion, a P/E ratio of 21.57 and a beta of 0.81. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $140.27. The stock's 50 day simple moving average is $127.58 and its two-hundred day simple moving average is $127.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65.

Lindsay (NYSE:LNN - Get Free Report) last posted its earnings results on Thursday, April 3rd. The industrial products company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.55. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The firm had revenue of $187.10 million during the quarter, compared to analysts' expectations of $174.50 million. During the same quarter in the previous year, the business earned $1.64 earnings per share. The firm's revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts expect that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.44 annualized dividend and a yield of 1.07%. Lindsay's payout ratio is currently 20.48%.

Wall Street Analysts Forecast Growth

LNN has been the topic of several recent research reports. StockNews.com raised Lindsay from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Stifel Nicolaus decreased their price target on shares of Lindsay from $134.00 to $128.00 and set a "hold" rating for the company in a report on Wednesday, April 16th.

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.