Cwm LLC Increases Stock Position in Lindsay Co. (NYSE:LNN)

Cwm LLC boosted its position in shares of Lindsay Co. (NYSE:LNN) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 638 shares of the industrial products company’s stock after acquiring an additional 92 shares during the period. Cwm LLC’s holdings in Lindsay were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heartland Advisors Inc. increased its stake in Lindsay by 26.8% during the 1st quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock valued at $6,236,000 after purchasing an additional 11,207 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Lindsay by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,279,819 shares of the industrial products company’s stock worth $165,301,000 after acquiring an additional 17,261 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Lindsay in the second quarter worth $1,327,000. Victory Capital Management Inc. grew its position in Lindsay by 139.4% during the second quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company’s stock valued at $1,446,000 after buying an additional 6,853 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new stake in Lindsay during the second quarter valued at $6,402,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Lindsay Stock Down 2.0 %

LNN stock opened at $121.41 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 18.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.56 and a current ratio of 3.95. The firm’s fifty day moving average is $120.91 and its 200 day moving average is $118.50. Lindsay Co. has a one year low of $109.27 and a one year high of $135.05.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.16. The firm had revenue of $155.00 million for the quarter, compared to the consensus estimate of $145.37 million. Lindsay had a net margin of 11.75% and a return on equity of 14.41%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. On average, research analysts forecast that Lindsay Co. will post 5.44 EPS for the current year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, November 15th. Lindsay’s payout ratio is currently 21.85%.

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.