Insider Selling: Lindsay Co. (NYSE:LNN) Director Sells 111 Shares of Stock

Lindsay Co. (NYSE:LNN) Director Si Pablo Di sold 111 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $132.91, for a total transaction of $14,753.01. Following the completion of the transaction, the director now directly owns 3,322 shares in the company, valued at $441,527.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lindsay Trading Down 3.9 %

NYSE LNN opened at $128.26 on Friday. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $135.05. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.39 billion, a PE ratio of 21.31 and a beta of 0.61. The firm’s fifty day simple moving average is $120.83 and its 200-day simple moving average is $118.92.

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

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, November 15th. Lindsay’s dividend payout ratio is presently 23.92%.

Institutional Investors Weigh In On Lindsay

A number of large investors have recently bought and sold shares of LNN. KBC Group NV boosted its holdings in Lindsay by 32.7% in the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock worth $42,768,000 after purchasing an additional 84,560 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Lindsay during the second quarter valued at about $6,402,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lindsay by 868.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,033 shares of the industrial products company’s stock valued at $2,953,000 after acquiring an additional 21,551 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock valued at $41,975,000 after acquiring an additional 21,474 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in Lindsay during the second quarter valued at about $2,111,000. 89.94% of the stock is currently owned by institutional investors.

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.