Lindsay (LNN)
Builds irrigation equipment, remote farm-water tools, and road-infrastructure safety systems.
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Makes irrigation systems and digital water-management tools, alongside road-safety and moveable-barrier products. Irrigation is the larger segment, with sales split between the United States and international markets, while infrastructure results depend on project timing.
Manufactures center-pivot, lateral-move, and hose-reel irrigation systems through brands such as Zimmatic, with FieldNET, FieldNET Advisor, and FieldWise adding remote monitoring, control, and irrigation guidance for growers.
Infrastructure adds Road Zipper moveable barriers, crash cushions, end terminals, road marking, road-safety equipment, and monitoring technology for critical assets. The portfolio reflects a Nebraska irrigation base expanded through road-infrastructure products and industrial remote-monitoring capabilities.
Irrigation is the primary business, with demand tied to agricultural capital spending, regional credit conditions, international project timing, and large-project execution. Infrastructure revenue can be uneven when Road Zipper projects do not repeat, and filings also note infrastructure-products litigation and environmental-remediation exposure.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jan 9, 2026 | Stifel Nicolaus | Target | Target: $122 | Target: $128 |
| Oct 24, 2025 | Stifel Nicolaus | Target | Target: $134 | Target: $122 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $154.8M · Total debt $137.8M · Total assets $821.6M · Shareholders' equity $499.1M
- Revenue
- $160.8M
- Operating income
- $18.5M
- Net income
- $15.8M
HistoryDividendAnnual yield
| Institutions | 104.55% | 10.63M shares | |
|---|---|---|---|
| 239 holders · as of Jun 30, 2026 | |||
| Insiders | 1.34% | 136.0K shares | |
| 15 holders · as of Jan 13, 2026 | |||
| Adds to | 105.89% | ||
10.17M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.89%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.42% | 1.77M | as of Jun 30, 2026 |
Neuberger Berman Group LLCInstitution | 8.97% | 911,884 | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.42% | 653,281 | as of Jun 30, 2026 |
State Street CorpInstitution | 4.85% | 493,297 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.59% | 466,733 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Valmont Industries
Closest public rival in pivots and irrigation automation
- Toro
Drip and greenhouse irrigation alternative for growers
- AGCO
Mixed-fleet precision ag platform competing for farm tech budgets
- Itron
Utility monitoring and smart-water network overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lindsay | $116.57 | +1.44% | $1.17B | 22.1 | 20.6 | 1.9 | −5.1% |
| Valmont Industries | $471.39 | +0.72% | $9.03B | 18.6 | — | 2.1 | +6.5% |
| Toro | $97.24 | +2.88% | $9.00B | 25.3 | 19.7 | 1.9 | +8.4% |
| AGCO | $122.72 | +1.72% | $8.45B | 16.7 | 18.9 | 0.8 | −1.0% |
| Itron | $92.89 | −0.47% | $4.09B | 15.6 | 14.4 | 1.8 | −7.2% |
| Median | 17.7 | 18.9 | 1.8 | +2.8% |