WINTON GROUP Ltd Has $276,000 Stock Position in Lindsay Co. (NYSE:LNN)

WINTON GROUP Ltd lessened its stake in Lindsay Co. (NYSE:LNN) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,330 shares of the industrial products company’s stock after selling 347 shares during the quarter. WINTON GROUP Ltd’s holdings in Lindsay were worth $276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in Lindsay in the 4th quarter valued at $32,000. GAMMA Investing LLC lifted its holdings in shares of Lindsay by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Lindsay by 10.3% in the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 86 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock worth $175,000 after buying an additional 623 shares during the period. Finally, Gitterman Wealth Management LLC grew its holdings in shares of Lindsay by 6.1% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company’s stock worth $207,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay Price Performance

NYSE:LNN opened at $126.55 on Monday. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $140.27. The company has a market cap of $1.38 billion, a P/E ratio of 20.31 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87. The stock’s 50-day simple moving average is $132.00 and its 200 day simple moving average is $126.85.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.18. The firm had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.78 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 EPS. As a group, sell-side analysts forecast that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, February 14th. Lindsay’s dividend payout ratio is currently 23.11%.

Analyst Ratings Changes

Several equities research analysts have commented on LNN shares. StockNews.com upgraded Lindsay from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus increased their target price on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th.

About Lindsay

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.