Union Bancaire Privee UBP SA Buys Shares of 5,653 Lindsay Co. (NYSE:LNN)

Union Bancaire Privee UBP SA bought a new stake in Lindsay Co. (NYSE:LNN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,653 shares of the industrial products company’s stock, valued at approximately $679,000. Union Bancaire Privee UBP SA owned approximately 0.05% of Lindsay as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LNN. US Bancorp DE boosted its stake in Lindsay by 45.9% in the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Lindsay in the third quarter worth $754,000. KBC Group NV raised 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 worth $42,768,000 after buying an additional 84,560 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Lindsay by 1.6% in the third quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company’s stock worth $50,442,000 after buying an additional 6,253 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Lindsay by 109.4% in the third quarter. Intech Investment Management LLC now owns 4,105 shares of the industrial products company’s stock worth $512,000 after buying an additional 2,145 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LNN shares. Stifel Nicolaus raised their price target on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. StockNews.com cut shares of Lindsay from a “buy” rating to a “hold” rating in a report on Monday, February 17th.

Lindsay Trading Down 3.0 %

Shares of Lindsay stock opened at $131.40 on Tuesday. The stock has a market cap of $1.43 billion, a PE ratio of 21.09 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. The firm has a fifty day moving average price of $128.70 and a 200 day moving average price of $125.16. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $140.26.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.39 by $0.18. The company had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. Equities research analysts predict that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.44 annualized dividend and a yield of 1.10%. Lindsay’s dividend payout ratio is presently 23.11%.

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.