John G Ullman & Associates Inc. Sells 250 Shares of Lindsay Co. (NYSE:LNN)

John G Ullman & Associates Inc. decreased its holdings in Lindsay Co. (NYSE:LNN) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 59,375 shares of the industrial products company’s stock after selling 250 shares during the quarter. Lindsay comprises approximately 1.2% of John G Ullman & Associates Inc.’s holdings, making the stock its 20th largest position. John G Ullman & Associates Inc.’s holdings in Lindsay were worth $7,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Lindsay during the 4th quarter valued at $28,000. Royal Bank of Canada grew its position in Lindsay by 23.6% during the 3rd quarter. Royal Bank of Canada now owns 514 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 98 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Lindsay by 195.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 942 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 623 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Lindsay by 130.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,128 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 638 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Lindsay by 21.3% during the 1st quarter. Captrust Financial Advisors now owns 1,134 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

Lindsay Trading Up 0.1 %

Shares of NYSE LNN traded up $0.16 during trading on Friday, reaching $116.67. The company had a trading volume of 68,466 shares, compared to its average volume of 87,120. 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. The company’s fifty day moving average price is $118.37 and its 200-day moving average price is $122.81. The stock has a market cap of $1.29 billion, a P/E ratio of 18.55 and a beta of 0.61.

Lindsay (NYSE:LNN) last announced its earnings results on Thursday, April 4th. The industrial products company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.52 by $0.12. Lindsay had a return on equity of 15.04% and a net margin of 10.74%. The company had revenue of $151.50 million for the quarter, compared to analyst estimates of $172.06 million. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, research analysts expect that Lindsay Co. will post 5.46 earnings per share for the current year.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.40 annualized dividend and a dividend yield of 1.20%. Lindsay’s payout ratio is 22.33%.

Wall Street Analysts Forecast Growth

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

About Lindsay

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.