Dimensional Fund Advisors LP Buys 2,207 Shares of Lindsay Co. (NYSE:LNN)

Dimensional Fund Advisors LP lifted its holdings in Lindsay Co. (NYSE:LNN - Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,943 shares of the industrial products company's stock after acquiring an additional 2,207 shares during the period. Dimensional Fund Advisors LP owned approximately 3.18% of Lindsay worth $40,929,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LNN. Barclays PLC increased its holdings in shares of Lindsay by 248.8% during the third quarter. Barclays PLC now owns 19,607 shares of the industrial products company's stock worth $2,446,000 after purchasing an additional 13,986 shares during the period. GAMMA Investing LLC grew 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 worth $33,000 after buying an additional 131 shares in the last quarter. SG Americas Securities LLC raised its holdings in Lindsay by 746.5% in the 4th quarter. SG Americas Securities LLC now owns 52,138 shares of the industrial products company's stock valued at $6,168,000 after acquiring an additional 45,979 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Lindsay during the 4th quarter valued at $679,000. Finally, KBC Group NV grew its holdings in shares of Lindsay by 1.6% during the 4th quarter. KBC Group NV now owns 348,514 shares of the industrial products company's stock worth $41,233,000 after purchasing an additional 5,382 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Lindsay Price Performance

Shares of LNN traded down $0.01 during trading hours on Friday, reaching $133.35. The stock had a trading volume of 11,163 shares, compared to its average volume of 85,229. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87. Lindsay Co. has a 12 month low of $109.27 and a 12 month high of $140.27. The stock has a market capitalization of $1.45 billion, a PE ratio of 21.40 and a beta of 0.81. The company's 50-day moving average is $127.69 and its two-hundred day moving average is $127.84.

Lindsay (NYSE:LNN - Get Free Report) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $2.44 earnings per share (EPS) 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 business had revenue of $187.10 million during the quarter, compared to analyst estimates of $174.50 million. During the same period last year, the company earned $1.64 EPS. Lindsay's revenue for the quarter was up 23.5% compared to the same quarter last year. Research analysts expect that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.36 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. Lindsay's dividend payout ratio (DPR) is presently 20.48%.

About Lindsay

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.