KBC Group NV Purchases 84,560 Shares of Lindsay Co. (NYSE:LNN)

KBC Group NV boosted its position in Lindsay Co. (NYSE:LNN) by 32.7% in the third quarter, Holdings Channel.com reports. The firm owned 343,132 shares of the industrial products company’s stock after purchasing an additional 84,560 shares during the quarter. KBC Group NV’s holdings in Lindsay were worth $42,768,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of 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 buying an additional 84 shares during the period. CWM LLC increased its position in Lindsay by 16.8% in the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 92 shares during the period. EntryPoint Capital LLC bought a new position in shares of Lindsay during the first quarter valued at $145,000. Intech Investment Management LLC acquired a new position in shares of Lindsay during the second quarter worth $241,000. Finally, Quantbot Technologies LP bought a new stake in shares of Lindsay in the first quarter worth $239,000. 89.94% of the stock is currently owned by institutional investors.

Lindsay Stock Up 0.2 %

Shares of NYSE:LNN opened at $124.41 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of 20.67 and a beta of 0.61. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.05. The business has a fifty day simple moving average of $121.35 and a 200 day simple moving average of $119.22. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24.

Lindsay (NYSE:LNN) last posted its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $155.00 million for 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%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 earnings per share. Analysts predict that Lindsay Co. will post 5.66 earnings per share for the current year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is presently 23.92%.

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.