Lindsay (LNN) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. 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 brokerages have issued 1 year price targets for Lindsay's stock. Their LNN share price forecasts range from $143.00 to $166.00. On average, they predict the company's stock price to reach $154.75 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price.
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Lindsay's stock was trading at $162.85 at the beginning of 2023. Since then, LNN shares have decreased by 23.7% and is now trading at $124.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our LNN earnings forecast.

Lindsay Co. (NYSE:LNN) posted its quarterly earnings results on Tuesday, April, 4th. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The industrial products company earned $166.20 million during the quarter, compared to the consensus estimate of $192.62 million. Lindsay had a net margin of 10.61% and a trailing twelve-month return on equity of 19.80%. The company's revenue was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 earnings per share.

Lindsay announced a quarterly dividend on Wednesday, April 5th. Investors of record on Wednesday, May 17th will be paid a dividend of $0.34 per share on Wednesday, May 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for LNN.

ETFs with the largest weight of Lindsay (NYSE:LNN) stock in their portfolio include VanEck Future of Food ETF (YUMY), First Trust Water ETF (FIW), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco Water Resources ETF (PHO), ProShares Russell 2000 Dividend Growers ETF (SMDV), iShares Environmental Infrastructure and Industrials ETF (EFRA), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Ecofin Global Water ESG Fund (EBLU).

Lindsay (NYSE:LNN) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.09%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 21.66% 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.61%), State Street Corp (3.54%), Royce & Associates LP (3.51%), Dimensional Fund Advisors LP (2.64%), KBC Group NV (2.35%) and Nuance Investments LLC (1.99%). Insiders that own company stock include James Scott Marion, Michael Christodolou and Michael Nahl.
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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 $124.26.

Lindsay (NYSE:LNN) has a market capitalization of $1.37 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 $7.18 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.