Atom Investors LP Makes New $731,000 Investment in Lindsay Co. (NYSE:LNN)

Atom Investors LP purchased a new stake in shares of Lindsay Co. (NYSE:LNN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,863 shares of the industrial products company’s stock, valued at approximately $731,000. Atom Investors LP owned 0.05% of Lindsay as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of LNN. Royce & Associates LP increased its stake in Lindsay by 1.6% during the 3rd quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company’s stock valued at $50,442,000 after buying an additional 6,253 shares during the period. KBC Group NV boosted its holdings in shares of Lindsay by 32.7% in the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock valued at $42,768,000 after acquiring an additional 84,560 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock valued at $41,975,000 after acquiring an additional 21,474 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Lindsay by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company’s stock worth $16,571,000 after purchasing an additional 5,007 shares in the last quarter. Finally, John G Ullman & Associates Inc. lifted its position in Lindsay by 2.3% in the third quarter. John G Ullman & Associates Inc. now owns 58,875 shares of the industrial products company’s stock worth $7,338,000 after purchasing an additional 1,316 shares during the period. 89.94% of the stock is currently owned by institutional investors.

Lindsay Stock Performance

Shares of NYSE LNN opened at $129.47 on Wednesday. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $135.20. 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 moving average price of $123.62 and a two-hundred day moving average price of $120.17. The firm has a market cap of $1.40 billion, a P/E ratio of 21.51 and a beta of 0.64.

Lindsay (NYSE:LNN) last released its earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The firm had revenue of $155.00 million for the quarter, compared to analyst estimates of $145.37 million. During the same period in the previous year, the company earned $1.74 earnings per share. Lindsay’s revenue was down 7.2% compared to the same quarter last year. Research analysts forecast that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, November 15th. Lindsay’s dividend payout ratio is presently 23.92%.

About Lindsay

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.