Deutsche Bank AG Has $1.25 Million Stock Position in Lindsay Co. (NYSE:LNN)

Deutsche Bank AG raised its stake in Lindsay Co. (NYSE:LNN) by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,572 shares of the industrial products company’s stock after buying an additional 3,454 shares during the quarter. Deutsche Bank AG owned about 0.10% of Lindsay worth $1,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Corient Private Wealth LLC raised its stake in shares of Lindsay by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 4,515 shares of the industrial products company’s stock worth $534,000 after purchasing an additional 78 shares in the last quarter. Global Retirement Partners LLC raised its position in Lindsay by 10.3% during the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 86 shares in the last quarter. Gitterman Wealth Management LLC lifted its stake in Lindsay by 6.1% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 101 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Lindsay by 1.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 10,588 shares of the industrial products company’s stock valued at $1,253,000 after acquiring an additional 177 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of Lindsay by 12.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,891 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LNN shares. Wall Street Zen raised shares of Lindsay from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Stifel Nicolaus lowered their price objective on Lindsay from $134.00 to $128.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th.

Lindsay Stock Up 0.5%

Shares of NYSE:LNN opened at $137.75 on Monday. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $143.69. The company has a market capitalization of $1.50 billion, a PE ratio of 22.11 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87. The company has a fifty day moving average of $129.81 and a 200-day moving average of $129.34.

Lindsay (NYSE:LNN) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.55. The business had revenue of $187.10 million during the quarter, compared to analyst estimates of $174.50 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. Lindsay’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. On average, equities analysts predict that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. Lindsay’s dividend payout ratio (DPR) is currently 20.48%.

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.