Swiss National Bank increased its stake in Lindsay Co. (NYSE:LNN) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,800 shares of the industrial products company’s stock after purchasing an additional 1,300 shares during the period. Swiss National Bank owned approximately 0.18% of Lindsay worth $1,658,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in LNN. State Street Corp boosted its stake in Lindsay by 3.8% in the second quarter. State Street Corp now owns 269,948 shares of the industrial products company’s stock valued at $24,094,000 after buying an additional 9,763 shares in the last quarter. First Trust Advisors LP boosted its stake in Lindsay by 1.6% in the third quarter. First Trust Advisors LP now owns 59,771 shares of the industrial products company’s stock valued at $5,493,000 after buying an additional 959 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Lindsay in the third quarter valued at about $224,000. Victory Capital Management Inc. acquired a new stake in Lindsay in the third quarter valued at about $261,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Lindsay by 41.7% in the third quarter. BNP Paribas Arbitrage SA now owns 6,434 shares of the industrial products company’s stock valued at $591,000 after buying an additional 1,895 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Bill Welsh sold 800 shares of Lindsay stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $90.20, for a total transaction of $72,160.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David B. Downing sold 21,816 shares of Lindsay stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $86.11, for a total value of $1,878,575.76. The disclosure for this sale can be found here. Insiders have sold 58,281 shares of company stock worth $5,033,499 over the last three months. Insiders own 1.20% of the company’s stock.
Shares of Lindsay Co. (LNN) opened at $92.78 on Tuesday. Lindsay Co. has a 12 month low of $79.03 and a 12 month high of $96.22. The firm has a market capitalization of $997.09, a PE ratio of 39.08, a P/E/G ratio of 2.01 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.29 and a quick ratio of 2.24.
Lindsay (NYSE:LNN) last announced its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). Lindsay had a net margin of 4.79% and a return on equity of 9.65%. The firm had revenue of $124.53 million for the quarter, compared to analyst estimates of $117.11 million. During the same period in the previous year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities analysts predict that Lindsay Co. will post 3.09 EPS for the current fiscal year.
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Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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