Lindsay (LNN) Stock Forecast, Price & News

3 Wall Street 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 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.
View LNN analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 12 month price targets for Lindsay's shares. Their LNN share price forecasts range from $143.00 to $166.00. On average, they expect the company's share price to reach $154.75 in the next twelve months. This suggests a possible upside of 23.6% 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 start of the year. Since then, LNN stock has decreased by 23.1% and is now trading at $125.17.
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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 earnings results on Tuesday, April, 4th. The industrial products company reported $1.63 EPS for the quarter, topping analysts' consensus estimates 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 trailing twelve-month return on equity of 19.80% and a net margin of 10.61%. The company's revenue for the quarter was down 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS.

Lindsay announced a quarterly dividend on Wednesday, April 5th. Shareholders 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 dividend 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), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), iShares Environmental Infrastructure and Industrials ETF (EFRA) 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 1.07%. 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 a number of institutional and retail investors. Top institutional investors 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 $125.17.

Lindsay (NYSE:LNN) has a market capitalization of $1.38 billion and generates $746.86 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.