KBC Group NV Has $42.77 Million Stock Holdings in Lindsay Co. (NYSE:LNN)

KBC Group NV lifted its position in shares of Lindsay Co. (NYSE:LNN) by 32.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 343,132 shares of the industrial products company’s stock after buying an additional 84,560 shares during the quarter. KBC Group NV owned about 3.16% of Lindsay worth $42,768,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LNN. US Bancorp DE raised its holdings in Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. CWM LLC lifted its position in Lindsay by 16.8% during the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 92 shares during the period. EntryPoint Capital LLC acquired a new stake in Lindsay during the first quarter worth about $145,000. Intech Investment Management LLC acquired a new position in shares of Lindsay in the 2nd quarter valued at approximately $241,000. Finally, Quantbot Technologies LP bought a new stake in shares of Lindsay during the 1st quarter worth approximately $239,000. Institutional investors own 89.94% of the company’s stock.

Lindsay Stock Up 0.2 %

Shares of LNN opened at $124.41 on Friday. The firm has a 50 day simple moving average of $121.35 and a two-hundred day simple moving average of $119.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.92 and a quick ratio of 2.69. Lindsay Co. has a one year low of $109.27 and a one year high of $135.05. The company has a market cap of $1.35 billion, a P/E ratio of 20.67 and a beta of 0.61.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $145.37 million. During the same quarter in the previous year, the firm earned $1.74 EPS. Lindsay’s revenue was down 7.2% on a year-over-year basis. Research analysts forecast that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.36 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Lindsay’s payout ratio is currently 23.92%.

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.