Lindsay - LNN Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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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3 Wall Street analysts have issued 1 year target prices for Lindsay's stock. Their LNN share price forecasts range from $150.00 to $172.00. On average, they anticipate the company's stock price to reach $160.67 in the next year. This suggests that the stock has a possible downside of 4.3%.
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Lindsay's stock was trading at $152.00 on January 1st, 2022. Since then, LNN shares have increased by 10.4% and is now trading at $167.82.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our LNN earnings forecast.

Lindsay Co. (NYSE:LNN) issued its quarterly earnings results on Thursday, June, 30th. The industrial products company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.71. The industrial products company had revenue of $214.30 million for the quarter, compared to the consensus estimate of $188.95 million. Lindsay had a trailing twelve-month return on equity of 17.59% and a net margin of 7.27%. Lindsay's revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share.

Lindsay announced a quarterly dividend on Friday, July 1st. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.34 per share on Wednesday, August 31st. This represents a $1.36 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, August 16th. This is a boost from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for LNN.

Lindsay (NYSE:LNN) pays an annual dividend of $1.32 per share and currently has a dividend yield of 0.78%. 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 27.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 17.14% 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."

Lindsay's stock is owned by a variety of institutional and retail investors. Top institutional investors include Royce & Associates LP (4.49%), State Street Corp (3.79%), Allianz Asset Management GmbH (2.44%), KBC Group NV (2.21%), Millennium Management LLC (1.37%) and Nuance Investments LLC (1.29%). Insiders that own company stock include James Scott Marion, Michael Christodolou, Michael D Walter, Michael Nahl and Randy A Wood.
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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 $167.82.

Lindsay (NYSE:LNN) has a market capitalization of $1.84 billion and generates $567.65 million in revenue each year. The industrial products company earns $42.57 million in net income (profit) each year or $4.85 on an earnings per share basis.

The company employs 1,235 workers across the globe.

Lindsay was founded in 1955.

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 or via fax at 402-829-6834.