Charles Schwab Investment Management Inc. Has $16.34 Million Position in Lindsay Co. (NYSE:LNN)

Charles Schwab Investment Management Inc. raised its stake in Lindsay Co. (NYSE:LNN) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 138,092 shares of the industrial products company’s stock after buying an additional 5,140 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Lindsay were worth $16,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LNN. KBC Group NV raised its stake in Lindsay by 1.6% in the fourth quarter. KBC Group NV now owns 348,514 shares of the industrial products company’s stock valued at $41,233,000 after purchasing an additional 5,382 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Lindsay by 35.4% in the 3rd quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company’s stock valued at $17,222,000 after buying an additional 36,128 shares in the last quarter. Lightrock Netherlands B.V. bought a new stake in shares of Lindsay during the 4th quarter worth approximately $11,396,000. Stephens Investment Management Group LLC boosted its position in shares of Lindsay by 1.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 89,344 shares of the industrial products company’s stock worth $10,570,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Lindsay by 46.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company’s stock valued at $9,342,000 after acquiring an additional 23,710 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LNN has been the topic of a number of research analyst reports. StockNews.com raised Lindsay from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th.

Lindsay Price Performance

Shares of NYSE:LNN opened at $127.67 on Friday. Lindsay Co. has a one year low of $109.27 and a one year high of $140.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 20.49 and a beta of 0.70. The firm has a 50 day simple moving average of $131.98 and a 200 day simple moving average of $126.24.

Lindsay (NYSE:LNN) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.18. The company had revenue of $166.30 million during the quarter, compared to the consensus estimate of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. Research analysts predict that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, February 14th. Lindsay’s dividend payout ratio (DPR) is currently 23.11%.

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.