Yousif Capital Management LLC Sells 390 Shares of Lindsay Co. (NYSE:LNN)

Yousif Capital Management LLC reduced its holdings in Lindsay Co. (NYSE:LNN) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,466 shares of the industrial products company’s stock after selling 390 shares during the quarter. Yousif Capital Management LLC’s holdings in Lindsay were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LNN. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Lindsay in the 4th quarter worth about $28,000. CWM LLC boosted its holdings in shares of Lindsay by 129.6% in the 4th quarter. CWM LLC now owns 489 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 276 shares in the last quarter. Windmill Hill Asset Management Ltd purchased a new position in shares of Lindsay in the 4th quarter worth about $208,000. Hsbc Holdings PLC purchased a new position in shares of Lindsay in the 3rd quarter worth about $215,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Lindsay by 48.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,332 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 756 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors.

Lindsay Trading Down 1.3 %

NYSE LNN opened at $118.29 on Monday. Lindsay Co. has a fifty-two week low of $106.46 and a fifty-two week high of $137.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.87. The stock has a 50 day simple moving average of $116.75 and a two-hundred day simple moving average of $123.10. The stock has a market cap of $1.31 billion, a P/E ratio of 18.87 and a beta of 0.63.

Lindsay (NYSE:LNN) last released its quarterly earnings data on Thursday, April 4th. The industrial products company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.12. Lindsay had a return on equity of 15.04% and a net margin of 10.74%. The business had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $172.06 million. During the same quarter last year, the business posted $1.63 EPS. The business’s revenue was down 8.8% on a year-over-year basis. On average, analysts forecast that Lindsay Co. will post 5.3 earnings per share for the current year.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 16th. Lindsay’s dividend payout ratio (DPR) is currently 22.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Northcoast Research upgraded Lindsay from a “neutral” rating to a “buy” rating and set a $142.00 target price for the company in a report on Friday, April 5th. TheStreet cut Lindsay from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. Finally, StockNews.com cut Lindsay from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

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.