Nuance Investments LLC Purchases 133,190 Shares of Lindsay Corporation $LNN

Nuance Investments LLC grew its position in shares of Lindsay Corporation (NYSE:LNN) by 293.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,571 shares of the industrial products company’s stock after buying an additional 133,190 shares during the quarter. Lindsay accounts for approximately 2.3% of Nuance Investments LLC’s investment portfolio, making the stock its 15th biggest holding. Nuance Investments LLC owned 1.71% of Lindsay worth $21,048,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Lindsay during the 3rd quarter worth approximately $30,000. Copeland Capital Management LLC bought a new position in shares of Lindsay during the 4th quarter worth approximately $62,000. Russell Investments Group Ltd. lifted its position in shares of Lindsay by 2,226.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 954 shares of the industrial products company’s stock worth $134,000 after buying an additional 913 shares in the last quarter. State of Wyoming lifted its position in shares of Lindsay by 196.4% during the 2nd quarter. State of Wyoming now owns 1,227 shares of the industrial products company’s stock worth $177,000 after buying an additional 813 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Lindsay by 23.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,363 shares of the industrial products company’s stock worth $192,000 after buying an additional 263 shares in the last quarter. Institutional investors own 89.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LNN shares. Weiss Ratings cut shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Stifel Nicolaus lowered their price target on shares of Lindsay from $128.00 to $113.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Zacks Research cut shares of Lindsay from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $113.00.

Lindsay Stock Down 1.4%

Lindsay stock opened at $112.49 on Friday. Lindsay Corporation has a 1-year low of $97.27 and a 1-year high of $150.96. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 20.60 and a beta of 0.72. The company has a current ratio of 3.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $110.17 and a 200 day simple moving average of $119.04.

Lindsay (NYSE:LNN) last released its quarterly earnings data on Thursday, April 2nd. The industrial products company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.45). The business had revenue of $157.72 million during the quarter, compared to analysts’ expectations of $163.52 million. Lindsay had a net margin of 9.25% and a return on equity of 11.28%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.44 earnings per share. On average, analysts predict that Lindsay Corporation will post 5.19 earnings per share for the current year.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. Lindsay’s payout ratio is 27.11%.

About Lindsay

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.