Bill Welsh Sells 2,200 Shares of Lindsay Co. (LNN) Stock

Lindsay Co. (NYSE:LNN) Director Bill Welsh sold 2,200 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $90.00, for a total transaction of $198,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Bill Welsh also recently made the following trade(s):

  • On Friday, February 2nd, Bill Welsh sold 800 shares of Lindsay stock. The shares were sold at an average price of $90.20, for a total transaction of $72,160.00.

Lindsay Co. (NYSE:LNN) opened at $89.61 on Friday. Lindsay Co. has a fifty-two week low of $74.04 and a fifty-two week high of $96.22. The firm has a market cap of $970.93, a PE ratio of 38.05, a PEG ratio of 1.95 and a beta of 0.36. The company has a current ratio of 3.29, a quick ratio of 2.24 and a debt-to-equity ratio of 0.43.

Lindsay (NYSE:LNN) last announced its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.06). The company had revenue of $124.53 million for the quarter, compared to analyst estimates of $117.11 million. Lindsay had a net margin of 4.79% and a return on equity of 9.65%. Lindsay’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. sell-side analysts forecast that Lindsay Co. will post 3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, February 13th. Lindsay’s payout ratio is presently 50.42%.

Several brokerages have recently weighed in on LNN. TheStreet lowered shares of Lindsay from a “b-” rating to a “c” rating in a report on Tuesday, January 9th. Boenning Scattergood reiterated a “hold” rating on shares of Lindsay in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and set a $91.00 price objective on shares of Lindsay in a report on Thursday, December 14th. Finally, Zacks Investment Research lowered shares of Lindsay from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $95.25.

Several large investors have recently bought and sold shares of LNN. Nuance Investments LLC increased its position in shares of Lindsay by 52.7% during the third quarter. Nuance Investments LLC now owns 78,965 shares of the industrial products company’s stock worth $7,257,000 after acquiring an additional 27,268 shares in the last quarter. Impax Asset Management LTD increased its position in shares of Lindsay by 5.8% during the third quarter. Impax Asset Management LTD now owns 495,868 shares of the industrial products company’s stock worth $45,570,000 after acquiring an additional 27,117 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Lindsay during the third quarter worth about $2,297,000. Vanguard Group Inc. increased its position in shares of Lindsay by 2.2% during the second quarter. Vanguard Group Inc. now owns 1,014,967 shares of the industrial products company’s stock worth $90,586,000 after acquiring an additional 22,310 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Lindsay by 42.0% during the fourth quarter. KBC Group NV now owns 67,297 shares of the industrial products company’s stock worth $5,936,000 after acquiring an additional 19,897 shares in the last quarter. 94.01% of the stock is owned by institutional investors.

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Lindsay Company Profile

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.

Insider Buying and Selling by Quarter for Lindsay (NYSE:LNN)

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