Natixis Buys Shares of 5,300 Lindsay Co. (NYSE:LNN)

Natixis purchased a new position in shares of Lindsay Co. (NYSE:LNN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,300 shares of the industrial products company's stock, valued at approximately $627,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in Lindsay by 248.8% during the 3rd quarter. Barclays PLC now owns 19,607 shares of the industrial products company's stock worth $2,446,000 after acquiring an additional 13,986 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Lindsay in the 4th quarter worth $679,000. AlphaQuest LLC acquired a new stake in shares of Lindsay during the fourth quarter worth $32,000. KBC Group NV increased its holdings in Lindsay by 1.6% in the fourth quarter. KBC Group NV now owns 348,514 shares of the industrial products company's stock valued at $41,233,000 after purchasing an additional 5,382 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Lindsay by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 53,828 shares of the industrial products company's stock valued at $6,368,000 after buying an additional 1,324 shares during the period. 89.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNN has been the subject of several analyst reports. StockNews.com upgraded 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 for the company in a report on Wednesday, April 16th.

Lindsay Trading Up 0.4 %

Lindsay stock traded up $0.52 during mid-day trading on Tuesday, hitting $128.84. 8,086 shares of the company's stock were exchanged, compared to its average volume of 85,962. The company's 50 day simple moving average is $127.89 and its 200-day simple moving average is $127.20. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.40 billion, a P/E ratio of 20.65 and a beta of 0.72. Lindsay Co. has a fifty-two week low of $109.27 and a fifty-two week high of $140.27.

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

Lindsay Announces Dividend

The business also recently declared 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. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, May 16th. Lindsay's payout ratio is currently 20.48%.

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.