Lindsay Corporation (LNN) Price Target Raised to $90.00

Lindsay Corporation (NYSE:LNN) had its price objective hoisted by Stifel Nicolaus from $76.00 to $90.00 in a note issued to investors on Friday. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 1.83% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Lindsay Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of Lindsay Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Piper Jaffray Companies set a $80.00 price target on shares of Lindsay Corporation and gave the stock a “hold” rating in a report on Saturday, August 5th. Sidoti restated a “buy” rating and set a $107.00 price target (up previously from $100.00) on shares of Lindsay Corporation in a report on Friday, July 7th. Finally, Boenning Scattergood restated a “hold” rating on shares of Lindsay Corporation in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $95.00.

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In other Lindsay Corporation news, insider Rick Parod sold 77,387 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $91.47, for a total transaction of $7,078,588.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC bought a new position in Lindsay Corporation during the 2nd quarter worth approximately $205,000. CS Mckee LP raised its holdings in Lindsay Corporation by 0.6% during the 2nd quarter. CS Mckee LP now owns 17,850 shares of the industrial products company’s stock worth $1,593,000 after purchasing an additional 100 shares during the last quarter. State Street Corp raised its holdings in Lindsay Corporation by 3.8% during the 2nd quarter. State Street Corp now owns 269,948 shares of the industrial products company’s stock worth $24,094,000 after purchasing an additional 9,763 shares during the last quarter. Flinton Capital Management LLC raised its holdings in Lindsay Corporation by 72.7% during the 2nd quarter. Flinton Capital Management LLC now owns 1,292 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 544 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new position in Lindsay Corporation during the 2nd quarter worth approximately $219,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Lindsay Corporation Company Profile

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.

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