2017 Q2 Sentiment Lindsay Corp (NYSE:LNN)

December 15, 2017 - By Hazel Jackson

  2017 Q2 Sentiment Lindsay Corp (NYSE:LNN)

Sentiment for Lindsay Corp (NYSE:LNN)

Lindsay Corp (NYSE:LNN) institutional sentiment decreased to 0.86 in Q2 2017. Its down -0.27, from 1.13 in 2017Q1. The ratio worsened, as 56 funds opened new or increased stock positions, while 65 decreased and sold positions in Lindsay Corp. The funds in our partner’s database now have: 10.29 million shares, down from 10.91 million shares in 2017Q1. Also, the number of funds holding Lindsay Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 14 Reduced: 51 Increased: 36 New Position: 20.

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure services and products in the United States and internationally. The company has market cap of $959.95 million. The companyÂ’s Irrigation segment makes and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It has a 41.35 P/E ratio. This segment also offers repair and replacement parts for irrigation systems and controls; water pumping stations and controls for agriculture, golf, landscape, and municipal markets under the Watertronics brand; filtration solutions for groundwater, agriculture, industrial, and heat transfer markets under the LAKOS brand; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand.

The stock increased 1.99% or $1.75 during the last trading session, reaching $89.74. About 45,214 shares traded. Lindsay Corporation (NYSE:LNN) has risen 25.75% since December 15, 2016 and is uptrending. It has outperformed by 9.05% the S&P500.

Analysts await Lindsay Corporation (NYSE:LNN) to report earnings on December, 20. They expect $0.36 EPS, up 350.00 % or $0.28 from last year’s $0.08 per share. LNN’s profit will be $3.85 million for 62.32 P/E if the $0.36 EPS becomes a reality. After $0.59 actual EPS reported by Lindsay Corporation for the previous quarter, Wall Street now forecasts -38.98 % negative EPS growth.

John G Ullman & Associates Inc holds 2.71% of its portfolio in Lindsay Corporation for 153,225 shares. Timber Creek Capital Management Llc owns 25,180 shares or 1.67% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 1.46% invested in the company for 31,260 shares. The United Kingdom-based Impax Asset Management Ltd has invested 1.4% in the stock. Corecommodity Management Llc, a Connecticut-based fund reported 11,826 shares.#img1#

Lindsay Corporation (NYSE:LNN) Ratings Coverage

Ratings analysis reveals 14% of Lindsay’s analysts are positive. Out of 7 Wall Street analysts rating Lindsay, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $62 while the high is $93. The stock’s average target of $78.60 is -12.41% below today’s ($89.74) share price. LNN was included in 18 notes of analysts from August 31, 2015. The firm earned “Sell” rating on Monday, September 14 by Monness Crespi & Hardt. Piper Jaffray maintained the shares of LNN in report on Thursday, December 24 with “Underweight” rating. The stock of Lindsay Corporation (NYSE:LNN) earned “Hold” rating by Piper Jaffray on Thursday, October 12. Seaport Global initiated Lindsay Corporation (NYSE:LNN) rating on Tuesday, May 24. Seaport Global has “Neutral” rating and $67 target. Stifel Nicolaus maintained the shares of LNN in report on Friday, July 7 with “Hold” rating. The company was maintained on Friday, August 4 by Piper Jaffray. The rating was maintained by Stifel Nicolaus with “Sell” on Friday, October 14. Stifel Nicolaus upgraded the shares of LNN in report on Thursday, December 1 to “Hold” rating. The firm has “Sell” rating by Stifel Nicolaus given on Thursday, June 2. PiperJaffray upgraded Lindsay Corporation (NYSE:LNN) on Monday, November 28 to “Neutral” rating.

More notable recent Lindsay Corporation (NYSE:LNN) news were published by: Businesswire.com which released: “Lindsay Corporation Announces Fiscal 2017 Fourth Quarter and Year-End Earnings …” on October 03, 2017, also Omaha.com with their article: “Lindsay Corporation” published on October 22, 2017, Seekingalpha.com published: “Lindsay: You’re Probably Overlooking This Growth Opportunity” on October 11, 2017. More interesting news about Lindsay Corporation (NYSE:LNN) were released by: Businesswire.com and their article: “Lindsay Corporation Reports Fiscal 2017 Fourth Quarter and Full Year Results” published on October 12, 2017 as well as Nasdaq.com‘s news article titled: “Lindsay Corporation (LNN) Ex-Dividend Date Scheduled for November 15, 2017” with publication date: November 14, 2017.

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