Nuance Investments LLC Has $6.38 Million Stock Holdings in Lindsay Corporation $LNN

Nuance Investments LLC decreased its position in shares of Lindsay Corporation (NYSE:LNN) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,381 shares of the industrial products company’s stock after selling 6,833 shares during the period. Nuance Investments LLC’s holdings in Lindsay were worth $6,379,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Amalgamated Bank grew its stake in shares of Lindsay by 3.5% in the third quarter. Amalgamated Bank now owns 3,204 shares of the industrial products company’s stock valued at $450,000 after acquiring an additional 107 shares in the last quarter. Sei Investments Co. boosted its holdings in Lindsay by 2.3% in the 2nd quarter. Sei Investments Co. now owns 6,466 shares of the industrial products company’s stock valued at $933,000 after purchasing an additional 145 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Lindsay by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,790 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 189 shares in the last quarter. Bank of Montreal Can grew its position in shares of Lindsay by 12.7% during the 2nd quarter. Bank of Montreal Can now owns 2,076 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 234 shares in the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Lindsay by 15.9% during the third quarter. Diversified Trust Co now owns 1,743 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 239 shares during the period. Institutional investors own 89.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Lindsay from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus upped their target price on Lindsay from $122.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lindsay in a report on Friday, October 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $128.00.

Lindsay Price Performance

LNN stock opened at $134.30 on Monday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 19.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.42 and a quick ratio of 2.43. The company has a 50 day simple moving average of $122.58 and a 200 day simple moving average of $127.52. Lindsay Corporation has a 1 year low of $106.10 and a 1 year high of $150.96.

Lindsay (NYSE:LNN) last announced its quarterly earnings results on Thursday, January 8th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.08. Lindsay had a net margin of 11.02% and a return on equity of 14.01%. The company had revenue of $155.82 million during the quarter, compared to the consensus estimate of $166.81 million. During the same period in the prior year, the business earned $1.57 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts anticipate that Lindsay Corporation will post 5.82 EPS for the current fiscal year.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 13th. Lindsay’s dividend payout ratio (DPR) is presently 21.93%.

Lindsay Profile

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.