Lindsay (LNN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LNN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LNN, but not buy additional shares or sell existing shares.
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2 analysts have issued 12 month price targets for Lindsay's shares. Their LNN share price forecasts range from $128.00 to $135.00. On average, they expect the company's share price to reach $131.50 in the next year. This suggests a possible upside of 11.7% from the stock's current price.
View analysts price targets for LNN or view top-rated stocks among Wall Street analysts.

Lindsay's stock was trading at $162.85 at the beginning of the year. Since then, LNN stock has decreased by 27.7% and is now trading at $117.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our LNN earnings forecast.

Lindsay Co. (NYSE:LNN) announced its quarterly earnings results on Tuesday, April, 4th. The industrial products company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. The industrial products company earned $166.20 million during the quarter, compared to analyst estimates of $192.62 million. Lindsay had a net margin of 10.20% and a trailing twelve-month return on equity of 17.16%. The company's quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share.

Lindsay declared a quarterly dividend on Friday, July 7th. Investors of record on Thursday, August 17th will be given a dividend of $0.35 per share on Thursday, August 31st. This represents a $1.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for LNN.

ETFs with the largest weight of Lindsay (NYSE:LNN) stock in their portfolio include Subversive Food Security ETF (KCAL), VanEck Future of Food ETF (YUMY), ProShares Russell 2000 Dividend Growers ETF (SMDV), First Trust Water ETF (FIW), Invesco Water Resources ETF (PHO), Invesco S&P Global Water Index ETF (CGW), iShares Environmental Infrastructure and Industrials ETF (EFRA) and Ecofin Global Water ESG Fund (EBLU).

Lindsay (NYSE:LNN) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.19%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 21.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LNN.

18 employees have rated Lindsay Chief Executive Officer Tim Hassinger on Glassdoor.com. Tim Hassinger has an approval rating of 48% among the company's employees. This puts Tim Hassinger in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lindsay investors own include Enterprise Products Partners (EPD), Boeing (BA), Altria Group (MO), Valmont Industries (VMI), Broadcom (AVGO), Gilead Sciences (GILD), International Business Machines (IBM), Marathon Petroleum (MPC), Skyworks Solutions (SWKS) and AT&T (T).

Lindsay trades on the New York Stock Exchange (NYSE) under the ticker symbol "LNN."

Shares of LNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LNN stock can currently be purchased for approximately $117.68.

Lindsay (NYSE:LNN) has a market capitalization of $1.30 billion and generates $770.74 million in revenue each year. The industrial products company earns $65.47 million in net income (profit) each year or $6.43 on an earnings per share basis.

The company employs 1,262 workers across the globe.

Lindsay's mailing address is 18135 Burke Street Suite 100, Omaha NE, 68022. The official website for the company is www.lindsay.com. The industrial products company can be reached via phone at (402) 829-6800, via email at lnn@alpha-ir.com, or via fax at 402-829-6834.