US Bancorp DE Raises Holdings in Lindsay Co. (NYSE:LNN)

US Bancorp DE increased its holdings in Lindsay Co. (NYSE:LNN) by 45.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267 shares of the industrial products company’s stock after buying an additional 84 shares during the period. US Bancorp DE’s holdings in Lindsay were worth $33,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC increased its stake in Lindsay by 16.8% in the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 92 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Lindsay during the 1st quarter valued at about $145,000. Intech Investment Management LLC purchased a new stake in Lindsay during the 2nd quarter valued at $241,000. SG Americas Securities LLC bought a new stake in shares of Lindsay during the 2nd quarter valued at about $279,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Lindsay during the 1st quarter valued at $297,000. 89.94% of the stock is currently owned by institutional investors.

Lindsay Trading Up 1.2 %

Shares of LNN stock opened at $124.77 on Tuesday. The firm has a market capitalization of $1.35 billion, a PE ratio of 20.73 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.92. The stock has a fifty day simple moving average of $121.72 and a two-hundred day simple moving average of $119.33. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $135.05.

Lindsay (NYSE:LNN) last issued its quarterly earnings data 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. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company had revenue of $155.00 million for the quarter, compared to analysts’ expectations of $145.37 million. During the same period in the previous year, the firm posted $1.74 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts predict that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 15th. This represents a $1.44 annualized dividend and a yield of 1.15%. Lindsay’s payout ratio is currently 23.92%.

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.