Zacks Research cut shares of Lindsay (NYSE:LNN – Free Report) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks reports.
Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Lindsay in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $113.00.
Lindsay Price Performance
Lindsay (NYSE:LNN – Get Free Report) last announced 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. Lindsay had a net margin of 8.79% and a return on equity of 10.73%. The company had revenue of $160.76 million during the quarter, compared to analyst estimates of $157.80 million. During the same quarter in the previous year, the business earned $1.78 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts predict that Lindsay will post 5.19 earnings per share for the current year.
Lindsay Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.52 dividend on an annualized basis and a yield of 1.3%. This is a boost from Lindsay’s previous quarterly dividend of $0.37. Lindsay’s payout ratio is 29.17%.
Hedge Funds Weigh In On Lindsay
A number of large investors have recently bought and sold shares of LNN. PNC Financial Services Group Inc. grew its stake in shares of Lindsay by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,046 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 120 shares in the last quarter. Sei Investments Co. increased its stake in Lindsay by 2.3% in the 2nd quarter. Sei Investments Co. now owns 6,466 shares of the industrial products company’s stock valued at $933,000 after buying an additional 145 shares during the last quarter. Diversified Trust Co lifted its position in Lindsay by 8.8% during the 1st quarter. Diversified Trust Co now owns 2,165 shares of the industrial products company’s stock worth $258,000 after buying an additional 175 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Lindsay by 11.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,739 shares of the industrial products company’s stock worth $244,000 after buying an additional 177 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of 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.
More Lindsay News
Here are the key news stories impacting Lindsay this week:
- Neutral Sentiment: The news items concern the criminal trial of Lindsay Clancy, an unrelated individual, including a deadlocked jury, continued deliberations, and an arrest related to alleged juror intimidation. These developments have no apparent connection to Lindsay Corporation’s irrigation and infrastructure equipment business. Jury in Lindsay Clancy trial tells judge for a second time that it can’t agree on a verdict
- Neutral Sentiment: With no fresh earnings release, contract announcement, analyst action, or agricultural-equipment industry update included, the rise in LNN is likely being driven by broader market conditions, trading activity, or technical factors rather than the listed headlines. The most recent operating backdrop remains its prior quarterly report: earnings exceeded expectations, while revenue declined year over year.
Lindsay Company Profile
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.
Featured Stories
- Five stocks we like better than Lindsay
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for Lindsay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay and related companies with MarketBeat.com's FREE daily email newsletter.
