WINTON GROUP Ltd Grows Stock Position in Lindsay Corporation $LNN

WINTON GROUP Ltd increased its holdings in Lindsay Corporation (NYSE:LNN) by 1,488.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,017 shares of the industrial products company’s stock after purchasing an additional 30,001 shares during the quarter. WINTON GROUP Ltd’s holdings in Lindsay were worth $3,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LNN. Advisory Services Network LLC purchased a new stake in shares of Lindsay in the 3rd quarter worth about $30,000. Copeland Capital Management LLC purchased a new position in Lindsay in the 4th quarter valued at about $62,000. Russell Investments Group Ltd. lifted its holdings in Lindsay by 2,226.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 954 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 913 shares in the last quarter. State of Wyoming lifted its holdings in Lindsay by 196.4% in the 2nd quarter. State of Wyoming now owns 1,227 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 813 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Lindsay by 23.9% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,363 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 263 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNN has been the topic of a number of recent research reports. Zacks Research lowered shares of Lindsay from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Weiss Ratings lowered shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 21st. Finally, Stifel Nicolaus reduced their target price 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. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $113.00.

Lindsay Price Performance

NYSE:LNN opened at $112.49 on Monday. The firm has a market cap 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 company’s 50-day moving average is $110.17 and its two-hundred day moving average is $119.13. Lindsay Corporation has a 12-month low of $97.27 and a 12-month high of $150.96.

Lindsay (NYSE:LNN) last released its earnings results on Thursday, April 2nd. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.45). The firm 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%. Lindsay’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the company posted $2.44 earnings per share. Research analysts expect that Lindsay Corporation will post 5.19 EPS for the current year.

Lindsay Announces Dividend

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