Stifel Nicolaus Boosts Lindsay (NYSE:LNN) Price Target to $136.00

Lindsay (NYSE:LNN - Get Free Report) had its price objective increased by analysts at Stifel Nicolaus from $128.00 to $136.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' target price would indicate a potential downside of 5.62% from the stock's current price.

Separately, Wall Street Zen upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a report on Friday, April 11th.

Lindsay Trading Up 0.6%

NYSE:LNN traded up $0.88 on Friday, reaching $144.11. 77,105 shares of the company's stock were exchanged, compared to its average volume of 81,253. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.52 and a beta of 0.82. Lindsay has a 52-week low of $109.27 and a 52-week high of $150.96. The company has a quick ratio of 2.57, a current ratio of 3.64 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $135.33 and a 200-day moving average of $130.76.

Lindsay (NYSE:LNN - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The industrial products company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.42. Lindsay had a return on equity of 14.66% and a net margin of 11.87%. The business had revenue of $169.46 million during the quarter, compared to the consensus estimate of $157.87 million. During the same period in the previous year, the company posted $1.85 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts expect that Lindsay will post 5.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LNN. AlphaQuest LLC purchased a new stake in Lindsay in the 4th quarter valued at approximately $32,000. Principal Financial Group Inc. raised its stake in Lindsay by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 53,828 shares of the industrial products company's stock valued at $6,368,000 after purchasing an additional 1,324 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Lindsay during the fourth quarter valued at approximately $292,000. American Century Companies Inc. lifted its stake in shares of Lindsay by 5.4% during the 4th quarter. American Century Companies Inc. now owns 43,802 shares of the industrial products company's stock worth $5,182,000 after purchasing an additional 2,229 shares during the period. Finally, Deutsche Bank AG boosted its stake in Lindsay by 48.5% in the 4th quarter. Deutsche Bank AG now owns 10,572 shares of the industrial products company's stock worth $1,251,000 after buying an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 89.94% 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.

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