Lindsay Co. (NYSE:LNN) Director Si Pablo Di Sells 111 Shares of Stock

Lindsay Co. (NYSE:LNN) Director Si Pablo Di sold 111 shares of Lindsay stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $132.91, for a total value of $14,753.01. Following the sale, the director now directly owns 3,322 shares in the company, valued at approximately $441,527.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lindsay Stock Down 3.9 %

Shares of Lindsay stock opened at $128.26 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.39 billion, a P/E ratio of 21.31 and a beta of 0.61. Lindsay Co. has a fifty-two week low of $109.27 and a fifty-two week high of $135.05. The business has a 50-day moving average price of $120.83 and a 200 day moving average price of $118.92.

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

Lindsay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is presently 23.92%.

Hedge Funds Weigh In On Lindsay

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE lifted its position in Lindsay by 45.9% in the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 84 shares during the period. CWM LLC increased its holdings in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after buying an additional 92 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Lindsay during the 1st quarter valued at $145,000. Quantbot Technologies LP acquired a new stake in Lindsay during the 1st quarter valued at $239,000. Finally, Intech Investment Management LLC acquired a new stake in Lindsay during the 2nd quarter valued at $241,000. 89.94% of the stock is owned by institutional investors.

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.