Leggett & Platt, Incorporated (LEG) SVP David M. Desonier Sells 6,490 Shares, Report finds

Leggett & Platt, Incorporated (LEG) SVP David M. Desonier Sells 6,490 Shares, Report finds

Leggett & Platt, Incorporated (NYSE:LEG) SVP David M. Desonier sold 6,490 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $48.68, for a total transaction of $315,933.20. Following the transaction, the senior vice president now owns 74,693 shares in the company, valued at $3,636,055.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Leggett & Platt, Incorporated (NYSE:LEG) traded down 0.86% on Wednesday, hitting $48.19. 1,173,954 shares of the stock traded hands. The firm has a market cap of $6.43 billion, a PE ratio of 17.49 and a beta of 1.02. The firm has a 50 day moving average price of $48.43 and a 200 day moving average price of $48.93. Leggett & Platt, Incorporated has a 52-week low of $40.76 and a 52-week high of $54.62.

Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings results on Monday, January 30th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.05. Leggett & Platt, had a return on equity of 32.02% and a net margin of 10.29%. The business earned $903.70 million during the quarter, compared to analysts’ expectations of $921.94 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Leggett & Platt, Incorporated will post $2.63 EPS for the current year.

A number of research analysts have commented on LEG shares. Zacks Investment Research upgraded shares of Leggett & Platt, from a “sell” rating to a “hold” rating in a research report on Thursday, October 13th. Raymond James Financial, Inc. upgraded shares of Leggett & Platt, from a “market perform” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, February 1st. CJS Securities upgraded shares of Leggett & Platt, to a “market perform” rating and set a $55.00 price target on the stock in a research report on Tuesday, November 1st. Finally, Hilliard Lyons cut shares of Leggett & Platt, from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $55.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rational Advisors LLC raised its position in shares of Leggett & Platt, by 33.3% in the second quarter. Rational Advisors LLC now owns 58,825 shares of the company’s stock valued at $3,007,000 after buying an additional 14,700 shares in the last quarter. Neuberger Berman Group LLC raised its position in Leggett & Platt, by 39.8% in the second quarter. Neuberger Berman Group LLC now owns 10,160 shares of the company’s stock valued at $519,000 after buying an additional 2,893 shares in the last quarter. DE Burlo Group Inc. raised its position in Leggett & Platt, by 32.5% in the second quarter. DE Burlo Group Inc. now owns 85,200 shares of the company’s stock valued at $4,354,000 after buying an additional 20,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Leggett & Platt, by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 540,771 shares of the company’s stock valued at $27,635,000 after buying an additional 8,934 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Leggett & Platt, by 1,700.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 79,900 shares of the company’s stock valued at $4,084,000 after buying an additional 75,463 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors.

Leggett & Platt, Company Profile

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Residential Furnishings segment manufactures steel coiled bedsprings.

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Leggett & Platt, Incorporated (LEG) SVP David M. Desonier Sells 6,490 Shares

Leggett & Platt, Incorporated (LEG) SVP David M. Desonier Sells 6,490 Shares

Leggett & Platt, Incorporated (NYSE:LEG) SVP David M. Desonier sold 6,490 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $48.68, for a total transaction of $315,933.20. Following the transaction, the senior vice president now owns 74,693 shares in the company, valued at $3,636,055.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Leggett & Platt, Incorporated (NYSE:LEG) traded down 0.86% on Wednesday, hitting $48.19. 1,173,954 shares of the stock traded hands. The firm has a market cap of $6.43 billion, a PE ratio of 17.49 and a beta of 1.02. The firm has a 50 day moving average price of $48.43 and a 200 day moving average price of $48.93. Leggett & Platt, Incorporated has a 52-week low of $40.76 and a 52-week high of $54.62.

Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings results on Monday, January 30th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.05. Leggett & Platt, had a return on equity of 32.02% and a net margin of 10.29%. The business earned $903.70 million during the quarter, compared to analysts’ expectations of $921.94 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Leggett & Platt, Incorporated will post $2.63 EPS for the current year.

A number of research analysts have commented on LEG shares. Zacks Investment Research upgraded shares of Leggett & Platt, from a “sell” rating to a “hold” rating in a research report on Thursday, October 13th. Raymond James Financial, Inc. upgraded shares of Leggett & Platt, from a “market perform” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, February 1st. CJS Securities upgraded shares of Leggett & Platt, to a “market perform” rating and set a $55.00 price target on the stock in a research report on Tuesday, November 1st. Finally, Hilliard Lyons cut shares of Leggett & Platt, from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $55.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rational Advisors LLC raised its position in shares of Leggett & Platt, by 33.3% in the second quarter. Rational Advisors LLC now owns 58,825 shares of the company’s stock valued at $3,007,000 after buying an additional 14,700 shares in the last quarter. Neuberger Berman Group LLC raised its position in Leggett & Platt, by 39.8% in the second quarter. Neuberger Berman Group LLC now owns 10,160 shares of the company’s stock valued at $519,000 after buying an additional 2,893 shares in the last quarter. DE Burlo Group Inc. raised its position in Leggett & Platt, by 32.5% in the second quarter. DE Burlo Group Inc. now owns 85,200 shares of the company’s stock valued at $4,354,000 after buying an additional 20,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Leggett & Platt, by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 540,771 shares of the company’s stock valued at $27,635,000 after buying an additional 8,934 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Leggett & Platt, by 1,700.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 79,900 shares of the company’s stock valued at $4,084,000 after buying an additional 75,463 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors.

Leggett & Platt, Company Profile

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Residential Furnishings segment manufactures steel coiled bedsprings.

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Leave a Comment