Lindsay Co. (LNN) Director Sells $72,160.00 in Stock

Lindsay Co. (NYSE:LNN) Director Bill Welsh sold 800 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $90.20, for a total value of $72,160.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, February 6th, Bill Welsh sold 2,200 shares of Lindsay stock. The shares were sold at an average price of $90.00, for a total value of $198,000.00.

Lindsay Co. (NYSE LNN) opened at $89.61 on Friday. The company has a market capitalization of $970.93, a PE ratio of 38.05, a P/E/G ratio of 1.95 and a beta of 0.36. Lindsay Co. has a 12-month low of $74.04 and a 12-month high of $96.22. 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 released its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The company had revenue of $124.53 million during the quarter, compared to analysts’ expectations of $117.11 million. Lindsay had a return on equity of 9.65% and a net margin of 4.79%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 EPS. analysts expect that Lindsay Co. will post 3.09 EPS for the current year.

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

LNN has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on Lindsay from $76.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Boenning Scattergood restated a “hold” rating on shares of Lindsay in a research report on Thursday, October 12th. TheStreet lowered Lindsay from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research lowered Lindsay from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Lindsay presently has a consensus rating of “Hold” and an average price target of $95.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Lindsay by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 2,971 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 14 shares in the last quarter. CS Mckee LP grew its position in Lindsay by 0.6% in the second quarter. CS Mckee LP now owns 17,850 shares of the industrial products company’s stock worth $1,593,000 after acquiring an additional 100 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Lindsay by 0.8% in the second quarter. TIAA CREF Investment Management LLC now owns 28,570 shares of the industrial products company’s stock worth $2,550,000 after acquiring an additional 238 shares in the last quarter. Flinton Capital Management LLC grew its position in Lindsay by 72.7% in the second quarter. Flinton Capital Management LLC now owns 1,292 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 544 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Lindsay by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 58,225 shares of the industrial products company’s stock worth $5,350,000 after acquiring an additional 645 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

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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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