IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.78 Million Stock Position in Lindsay Co. (NYSE:LNN)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its holdings in shares of Lindsay Co. (NYSE:LNN) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,518 shares of the industrial products company’s stock after selling 3,326 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.22% of Lindsay worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LNN. AlphaQuest LLC bought a new position in shares of Lindsay during the 4th quarter valued at about $32,000. GAMMA Investing LLC lifted its stake in Lindsay by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Lindsay by 10.3% in the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock valued at $109,000 after buying an additional 86 shares during the period. Van ECK Associates Corp raised its holdings in shares of Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 623 shares during the period. Finally, Gitterman Wealth Management LLC boosted its stake in Lindsay by 6.1% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 101 shares during the period. 89.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNN has been the topic of a number of research reports. Stifel Nicolaus boosted their price target on Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. StockNews.com upgraded Lindsay from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th.

Lindsay Trading Up 0.6 %

Shares of NYSE:LNN opened at $130.72 on Thursday. The stock has a market capitalization of $1.42 billion, a PE ratio of 20.98 and a beta of 0.70. The company’s 50-day moving average price is $132.13 and its two-hundred day moving average price is $126.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. Lindsay Co. has a one year low of $109.27 and a one year high of $140.27.

Lindsay (NYSE:LNN) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.18. The business 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%. Lindsay’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, equities analysts forecast that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. 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.