Lindsay Co. (NYSE:LNN) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Lindsay Co. (NYSE:LNN) by 29.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,134 shares of the industrial products company’s stock after purchasing an additional 7,101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.29% of Lindsay worth $3,881,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LNN. US Bancorp DE grew its position in Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. CWM LLC boosted its holdings in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 92 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Lindsay during the second quarter worth about $241,000. SG Americas Securities LLC purchased a new position in Lindsay during the second quarter worth about $279,000. Finally, Point72 Asset Management L.P. lifted its position in Lindsay by 1,283.5% in the second quarter. Point72 Asset Management L.P. now owns 2,767 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 2,567 shares during the period. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Lindsay Stock Performance

NYSE LNN opened at $132.68 on Tuesday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 22.04 and a beta of 0.61. The business’s 50 day moving average is $123.44 and its two-hundred day moving average is $120.07. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.20. The company has a current ratio of 3.92, a quick ratio of 2.69 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, topping analysts’ consensus estimates of $1.01 by $0.16. The firm had revenue of $155.00 million for the quarter, compared to analyst estimates of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. Lindsay’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. Research analysts expect that Lindsay Co. will post 5.66 EPS for the current year.

Lindsay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, November 15th. Lindsay’s dividend payout ratio is currently 23.92%.

Lindsay Profile

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.