The Manufacturers Life Insurance Company Takes $560,000 Position in Lindsay Corporation $LNN

The Manufacturers Life Insurance Company bought a new stake in Lindsay Corporation (NYSE:LNN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,521 shares of the industrial products company’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LNN. BlackRock Inc. acquired a new stake in Lindsay in the second quarter valued at approximately $219,361,000. State Street Corp grew its position in Lindsay by 5.6% in the 2nd quarter. State Street Corp now owns 473,772 shares of the industrial products company’s stock valued at $68,342,000 after purchasing an additional 25,251 shares during the period. Dimensional Fund Advisors LP increased its stake in Lindsay by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 352,344 shares of the industrial products company’s stock valued at $41,953,000 after purchasing an additional 6,748 shares in the last quarter. Amundi increased its stake in Lindsay by 39.4% during the 4th quarter. Amundi now owns 269,817 shares of the industrial products company’s stock valued at $31,843,000 after purchasing an additional 76,292 shares in the last quarter. Finally, KBC Group NV raised its holdings in Lindsay by 15.0% during the first quarter. KBC Group NV now owns 268,896 shares of the industrial products company’s stock worth $32,017,000 after buying an additional 35,061 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

Key Headlines Impacting Lindsay

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Lindsay’s most recent quarterly results exceeded expectations: earnings per share came in at $1.53 versus the $1.14 consensus estimate, while revenue of $160.8 million also topped forecasts. The earnings beat may be supporting the stock, despite year-over-year revenue and EPS declines.
• Neutral Sentiment: The shares remain above their 50-day and 200-day moving averages, indicating relatively firm near-term technical momentum. However, the stock remains well below its one-year high, and analysts expect full-year EPS of approximately $5.19.
• Negative Sentiment: Zacks Research downgraded Lindsay from “hold” to “strong sell.” The downgrade likely reflects concerns about slowing operating performance, including the 5.2% year-over-year revenue decline and lower quarterly EPS compared with the prior-year period.
• Neutral Sentiment: Several widely circulated reports concern the Lindsay Clancy criminal trial, not Lindsay Corporation. Those stories are unrelated to LNN and should not affect the company’s valuation or operations.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LNN shares. Zacks Research downgraded shares of Lindsay from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Weiss Ratings upgraded Lindsay from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lindsay has an average rating of “Reduce” and an average price target of $113.00.

Lindsay Stock Up 0.2%

LNN stock opened at $123.61 on Monday. The stock has a market cap of $1.26 billion, a P/E ratio of 23.73 and a beta of 0.70. The company has a current ratio of 2.93, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $115.71 and its two-hundred day simple moving average is $116.26. Lindsay Corporation has a 1-year low of $97.27 and a 1-year high of $148.00.

Lindsay (NYSE:LNN) last announced its 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. The firm had revenue of $160.76 million during the quarter, compared to analyst estimates of $157.80 million. Lindsay had a return on equity of 10.73% and a net margin of 8.79%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. Analysts expect that Lindsay Corporation will post 5.19 EPS for the current year.

Lindsay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a $0.38 dividend. The ex-dividend date was Monday, August 17th. This is a positive change from Lindsay’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 1.2%. Lindsay’s dividend payout ratio is presently 29.17%.

Lindsay 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.