Crossmark Global Holdings Inc. bought a new position in shares of Lindsay Corporation (NYSE:LNN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,438 shares of the industrial products company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Lindsay by 0.5% during 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 during the last quarter. Texas Permanent School Fund grew its position in shares of Lindsay by 0.8% during the second quarter. Texas Permanent School Fund now owns 7,761 shares of the industrial products company’s stock worth $693,000 after acquiring an additional 65 shares during the last quarter. CS Mckee LP grew its position in shares of Lindsay by 0.6% during 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 during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Lindsay by 0.8% during 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 during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Lindsay by 1.6% during the first quarter. Teachers Advisors LLC now owns 20,768 shares of the industrial products company’s stock worth $1,830,000 after acquiring an additional 337 shares during the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

Lindsay Corporation (NYSE LNN) opened at $93.10 on Friday. Lindsay Corporation has a 1 year low of $72.85 and a 1 year high of $96.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.18 and a quick ratio of 2.25. The firm has a market cap of $995.89, a price-to-earnings ratio of 43.10, a P/E/G ratio of 2.10 and a beta of 0.50.

Lindsay (NYSE:LNN) last posted its quarterly earnings data on Thursday, October 12th. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. Lindsay had a net margin of 4.47% and a return on equity of 8.95%. The firm had revenue of $131.94 million for the quarter, compared to analyst estimates of $134.83 million. equities analysts anticipate that Lindsay Corporation will post 2.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.29%. Lindsay’s dividend payout ratio (DPR) is 55.56%.

LNN has been the topic of a number of analyst reports. TheStreet upgraded shares of Lindsay from a “c+” rating to a “b-” rating in a research report on Thursday, November 16th. Stifel Nicolaus lifted their price objective on shares of Lindsay from $76.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Piper Jaffray Companies set a $80.00 price objective on shares of Lindsay and gave the company a “hold” rating in a research report on Saturday, August 5th. BidaskClub lowered shares of Lindsay from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Lindsay in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $95.00.

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Lindsay 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.

Institutional Ownership by Quarter for Lindsay (NYSE:LNN)

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