Cwm LLC Raises Stock Holdings in Lindsay Co. (NYSE:LNN)

Cwm LLC lifted its holdings in Lindsay Co. (NYSE:LNN) by 129.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 489 shares of the industrial products company’s stock after buying an additional 276 shares during the quarter. Cwm LLC’s holdings in Lindsay were worth $63,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cardinal Capital Management raised its holdings in shares of Lindsay by 1.9% in the fourth quarter. Cardinal Capital Management now owns 10,109 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Lindsay by 8.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,528 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 196 shares during the period. Swiss National Bank increased its holdings in Lindsay by 0.8% during the 3rd quarter. Swiss National Bank now owns 24,200 shares of the industrial products company’s stock worth $2,848,000 after purchasing an additional 200 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in Lindsay during the 4th quarter worth $28,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Lindsay by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,160 shares of the industrial products company’s stock worth $2,475,000 after purchasing an additional 240 shares during the period. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Down 0.4 %

Shares of NYSE LNN opened at $118.35 on Thursday. The company has a current ratio of 3.87, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.31 billion, a PE ratio of 18.88 and a beta of 0.63. The stock’s fifty day simple moving average is $116.63 and its two-hundred day simple moving average is $123.18. Lindsay Co. has a 12-month low of $106.46 and a 12-month high of $137.31.

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

Lindsay Announces Dividend

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

Analyst Upgrades and Downgrades

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

Lindsay 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.