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

Lindsay Co. (NYSE:LNN) Director Si Pablo Di sold 111 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $132.91, for a total value of $14,753.01. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lindsay Stock Performance

NYSE:LNN opened at $126.37 on Friday. The business’s 50-day moving average price is $120.88 and its two-hundred day moving average price is $118.99. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $135.05. The stock has a market cap of $1.37 billion, a P/E ratio of 20.99 and a beta of 0.61. 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 announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $155.00 million for the quarter, compared to analysts’ expectations of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. Lindsay’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.74 EPS. As a group, equities analysts predict that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. Lindsay’s dividend payout ratio is 23.92%.

Hedge Funds Weigh In On Lindsay

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Lindsay by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,284,033 shares of the industrial products company’s stock valued at $151,079,000 after buying an additional 4,214 shares in the last quarter. Royce & Associates LP grew its position in Lindsay by 1.6% during the 3rd quarter. Royce & Associates LP now owns 404,701 shares of the industrial products company’s stock worth $50,442,000 after acquiring an additional 6,253 shares during the last quarter. KBC Group NV grew its position in Lindsay by 32.7% during the 3rd quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock worth $42,768,000 after acquiring an additional 84,560 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Lindsay by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock worth $41,975,000 after acquiring an additional 21,474 shares during the last quarter. Finally, John G Ullman & Associates Inc. grew its position in Lindsay by 2.3% during the 3rd quarter. John G Ullman & Associates Inc. now owns 58,875 shares of the industrial products company’s stock worth $7,338,000 after acquiring an additional 1,316 shares during the last quarter. 89.94% of the stock is owned by hedge funds and other 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.