State of Tennessee Treasury Department decreased its position in Lindsay Corporation (NYSE:LNN) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,527 shares of the industrial products company’s stock after selling 602 shares during the period. State of Tennessee Treasury Department owned about 0.09% of Lindsay worth $876,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Teachers Advisors LLC raised its holdings in shares of Lindsay by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 20,768 shares of the industrial products company’s stock worth $1,830,000 after buying an additional 337 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Lindsay by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 992,657 shares of the industrial products company’s stock worth $87,472,000 after buying an additional 51,592 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lindsay by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 80,715 shares of the industrial products company’s stock worth $7,112,000 after buying an additional 2,404 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Lindsay by 7,401.9% in the 1st quarter. BlackRock Inc. now owns 1,325,961 shares of the industrial products company’s stock worth $116,844,000 after buying an additional 1,308,286 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Lindsay by 12.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 70,198 shares of the industrial products company’s stock worth $6,186,000 after buying an additional 7,624 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

LNN has been the subject of a number of recent research reports. TheStreet raised Lindsay from a “c+” rating to a “b-” rating in a report on Thursday, November 16th. Zacks Investment Research raised Lindsay from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Monday, July 31st. Stifel Nicolaus increased their target price on Lindsay from $76.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Piper Jaffray Companies set a $80.00 target price on Lindsay and gave the stock a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub cut Lindsay from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $95.00.

Lindsay Corporation (NYSE:LNN) traded down $0.75 during mid-day trading on Monday, reaching $92.08. The company had a trading volume of 22,200 shares, compared to its average volume of 80,673. Lindsay Corporation has a 12-month low of $72.85 and a 12-month high of $95.04. The firm has a market cap of $984.98, a PE ratio of 42.63, a price-to-earnings-growth ratio of 2.08 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.18 and a quick ratio of 2.25.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Thursday, October 12th. The industrial products company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.18. Lindsay had a return on equity of 8.95% and a net margin of 4.47%. The firm had revenue of $131.94 million during the quarter, compared to analysts’ expectations of $134.83 million. equities research analysts forecast that Lindsay Corporation will post 2.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.30%. Lindsay’s dividend payout ratio is 55.56%.

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About Lindsay

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.

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Institutional Ownership by Quarter for Lindsay (NYSE:LNN)

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