Gitterman Wealth Management LLC Grows Stock Position in Lindsay Co. (NYSE:LNN)

Gitterman Wealth Management LLC increased its position in Lindsay Co. (NYSE:LNN) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,753 shares of the industrial products company’s stock after buying an additional 101 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Lindsay were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its holdings in Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Global Retirement Partners LLC boosted its position in Lindsay by 10.3% during the 4th quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 86 shares during the period. GAMMA Investing LLC raised its holdings in Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Lindsay by 6.8% in the 3rd quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 200 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Lindsay in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. StockNews.com downgraded shares of Lindsay from a “buy” rating to a “hold” rating in a report on Monday, February 17th.

Lindsay Stock Performance

NYSE LNN opened at $130.16 on Friday. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $140.27. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.41 billion, a P/E ratio of 20.89 and a beta of 0.70. The company’s 50-day simple moving average is $131.32 and its 200 day simple moving average is $126.11.

Lindsay (NYSE:LNN) last released its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.18. The company 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 company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. As a group, research analysts forecast that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, February 14th. Lindsay’s payout ratio is 23.11%.

Lindsay Company 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.