4,521 Shares in Lindsay Corporation $LNN Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of Lindsay Corporation (NYSE:LNN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,521 shares of the industrial products company’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LNN. PNC Financial Services Group Inc. raised its stake in shares of Lindsay by 4.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,046 shares of the industrial products company’s stock valued at $363,000 after purchasing an additional 120 shares during the period. Sei Investments Co. boosted its position in shares of Lindsay by 2.3% during the second quarter. Sei Investments Co. now owns 6,466 shares of the industrial products company’s stock worth $933,000 after buying an additional 145 shares during the period. Diversified Trust Co raised its position in Lindsay by 8.8% in the 1st quarter. Diversified Trust Co now owns 2,165 shares of the industrial products company’s stock valued at $258,000 after buying an additional 175 shares during the last quarter. Van ECK Associates Corp raised its position in Lindsay by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,739 shares of the industrial products company’s stock valued at $244,000 after buying an additional 177 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Lindsay by 1.0% in the 3rd quarter. Swiss National Bank now owns 21,000 shares of the industrial products company’s stock valued at $2,952,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Trending Headlines about Lindsay

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Lindsay’s most recent quarterly results exceeded expectations: earnings per share came in at $1.53 versus the $1.14 consensus estimate, while revenue of $160.8 million also topped forecasts. The earnings beat may be supporting the stock, despite year-over-year revenue and EPS declines.
• Neutral Sentiment: The shares remain above their 50-day and 200-day moving averages, indicating relatively firm near-term technical momentum. However, the stock remains well below its one-year high, and analysts expect full-year EPS of approximately $5.19.
• Negative Sentiment: Zacks Research downgraded Lindsay from “hold” to “strong sell.” The downgrade likely reflects concerns about slowing operating performance, including the 5.2% year-over-year revenue decline and lower quarterly EPS compared with the prior-year period.
• Neutral Sentiment: Several widely circulated reports concern the Lindsay Clancy criminal trial, not Lindsay Corporation. Those stories are unrelated to LNN and should not affect the company’s valuation or operations.

Lindsay Price Performance

Lindsay stock opened at $123.61 on Monday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.73 and a beta of 0.70. The company has a current ratio of 2.93, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23. Lindsay Corporation has a 12 month low of $97.27 and a 12 month high of $148.00. The stock’s 50 day moving average is $115.71 and its 200-day moving average is $116.26.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Thursday, July 2nd. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.39. The business had revenue of $160.76 million during the quarter, compared to the consensus estimate of $157.80 million. Lindsay had a return on equity of 10.73% and a net margin of 8.79%.The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. Equities research analysts expect that Lindsay Corporation will post 5.19 EPS for the current year.

Lindsay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 17th. This is a positive change from Lindsay’s previous quarterly dividend of $0.37. Lindsay’s dividend payout ratio is currently 29.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Lindsay from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Zacks Research cut shares of Lindsay from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $113.00.

About Lindsay

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.