Prentiss Smith & Co. Inc. Has $979,000 Stock Holdings in Lindsay Co. (NYSE:LNN)

Prentiss Smith & Co. Inc. decreased its position in shares of Lindsay Co. (NYSE:LNN) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,582 shares of the industrial products company’s stock after selling 451 shares during the period. Prentiss Smith & Co. Inc. owned about 0.07% of Lindsay worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LNN. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Lindsay during the 4th quarter worth approximately $28,000. CWM LLC boosted its position in Lindsay by 129.6% in the fourth quarter. CWM LLC now owns 489 shares of the industrial products company’s stock valued at $63,000 after buying an additional 276 shares in the last quarter. Windmill Hill Asset Management Ltd acquired a new stake in Lindsay in the fourth quarter valued at approximately $208,000. Hsbc Holdings PLC acquired a new stake in Lindsay in the third quarter valued at approximately $215,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lindsay by 48.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,332 shares of the industrial products company’s stock valued at $274,000 after buying an additional 756 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Wall Street Analysts Forecast Growth

LNN has been the topic of a number of research analyst reports. StockNews.com lowered shares of Lindsay from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Northcoast Research upgraded shares of Lindsay from a “neutral” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Friday, April 5th. Finally, TheStreet lowered shares of Lindsay from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

Lindsay Trading Up 0.8 %

Shares of LNN stock traded up $0.97 during trading hours on Thursday, hitting $117.34. 71,360 shares of the company’s stock traded hands, compared to its average volume of 88,020. The stock’s 50 day simple moving average is $117.32 and its 200 day simple moving average is $122.91. The stock has a market cap of $1.30 billion, a PE ratio of 18.71 and a beta of 0.61. Lindsay Co. has a 12 month low of $106.46 and a 12 month high of $137.31. The company has a quick ratio of 2.58, a current ratio of 3.87 and a debt-to-equity ratio of 0.24.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Thursday, April 4th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.12. The firm had revenue of $151.50 million during the quarter, compared to the consensus estimate of $172.06 million. Lindsay had a net margin of 10.74% and a return on equity of 15.04%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. On average, sell-side analysts anticipate that Lindsay Co. will post 5.3 EPS for the current year.

Lindsay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 16th. Lindsay’s dividend payout ratio is presently 22.33%.

Lindsay 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.