2 weeks Ago By Defense World Staff
Geode Capital Management LLC lessened its stake in shares of Lindsay Co. (NYSE:LNN – Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 246,107 shares of the industrial products company’s stock after selling 1,030 shares during the quarter. Geode Capital Management LLC owned about 2.26% of Lindsay worth $29,124,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its holdings in Lindsay by 248.8% during the third quarter.
Barclays PLC now owns 19,607 shares of the industrial products company’s stock valued at $2,446,000 after acquiring an additional 13,986 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Lindsay during the 4th quarter valued at approximately $679,000. KBC Group NV grew its holdings in Lindsay by 1.
6% in the 4th quarter. KBC Group NV now owns 348,514 shares of the industrial products company’s stock valued at $41,233,000 after buying an additional 5,382 shares during the last quarter. Principal Financial Group Inc.
increased its position in Lindsay by 2.5% in the 4th quarter. Principal Financial Group Inc.
now owns 53,828 shares of the industrial products company’s stock worth $6,368,000 after buying an additional 1,324 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Lindsay during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 89.
94% of the company’s stock. Lindsay Trading Down 0.4 %Lindsay stock opened at $124.
22 on Friday. Lindsay Co. has a 12 month low of $109.
27 and a 12 month high of $140.27. The stock has a market cap of $1.
35 billion, a price-to-earnings ratio of 19.94 and a beta of 0.72.
The business has a 50 day moving average price of $128.89 and a two-hundred day moving average price of $126.94.
The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.
24. Lindsay (NYSE:LNN – Get Free Report) last issued its earnings results on Thursday, April 3rd. The industrial products company reported $2.
44 EPS for the quarter, topping the consensus estimate of $1.89 by $0.55.
The firm had revenue of $187.10 million during the quarter, compared to analysts’ expectations of $174.50 million.
Lindsay had a return on equity of 13.17% and a net margin of 11.18%.
Lindsay’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business earned $1.
64 earnings per share. As a group, equities analysts forecast that Lindsay Co. will post 5.
82 EPS for the current year. Lindsay Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.
36 per share. The ex-dividend date is Friday, May 16th. This represents a $1.
44 annualized dividend and a dividend yield of 1.16%. Lindsay’s dividend payout ratio (DPR) is currently 20.
48%. Analyst Upgrades and DowngradesLNN has been the topic of several research analyst reports. StockNews.
com upgraded shares of Lindsay from a “hold” rating to a “buy” rating in a research note on Friday, April 11th. Stifel Nicolaus decreased their price target on shares of Lindsay from $134.00 to $128.
00 and set a “hold” rating on the stock in a research report on Wednesday.Check Out Our Latest Analysis on LindsayLindsay Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than LindsayHow to Know if a Stock Pays Dividends and When They Are Paid OutTariff Exemptions Set the Stage for a Taiwan Semiconductor RallyWhat Are Dividends? Buy the Best Dividend StocksMitigating Tariffs: 3 Stocks to Gain From a Weaker U.S.
DollarStock Market Upgrades: What Are They?Broadcom’s Apple Relationship: AI Opportunity Meets Tariff RiskWant to see what other hedge funds are holding LNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lindsay Co. (NYSE:LNN – Free Report).
.
