Lindsay Corporation is a global manufacturer and distributor of irrigation and infrastructure equipment and technology. The Company operates through two segments: Irrigation and Infrastructure. The Company’s Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy and labor. Its family of irrigation brands includes Zimmatic center pivot and lateral move agricultural irrigation systems, FieldNET and FieldWise remote irrigation management technology, FieldNET Advisor irrigation scheduling technology, and industrial IoT solutions. The Company’s Infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers and crash cushions, road marking and road safety equipment, and railroad signals and structures.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 23.33%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 23.33%.
Fairly Valued
The company’s latest PE is 19.84, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 11.57M shares, decreasing 2.88% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 1.27M shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.43.