Leggett & Platt, Inc. (LEG) Stake Held by Delta Lloyd NV

Leggett & Platt, Inc. (LEG) Stake Held by Delta Lloyd NV

Several other large investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Leggett & Platt by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,663 shares of the company’s stock worth $375,000 after buying an additional 29 shares during the last quarter. Chesley Taft & Associates LLC raised its position in Leggett & Platt by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 14,825 shares of the company’s stock worth $746,000 after buying an additional 50 shares during the last quarter. Huntington National Bank raised its position in Leggett & Platt by 0.8% in the first quarter. Huntington National Bank now owns 9,101 shares of the company’s stock worth $458,000 after buying an additional 69 shares during the last quarter. Smith Moore & CO. raised its position in Leggett & Platt by 1.2% in the first quarter. Smith Moore & CO. now owns 7,479 shares of the company’s stock worth $376,000 after buying an additional 86 shares during the last quarter. Finally, Opus Capital Group LLC raised its position in Leggett & Platt by 1.3% in the first quarter. Opus Capital Group LLC now owns 7,634 shares of the company’s stock worth $384,000 after buying an additional 98 shares during the last quarter. 69.01% of the stock is owned by institutional investors.

Delta Lloyd NV held its stake in Leggett & Platt, Inc. (NYSE:LEG) during the first quarter, Holdings Channel reports. The institutional investor owned 9,073 shares of the company’s stock at the end of the first quarter. Delta Lloyd NV’s holdings in Leggett & Platt were worth $477,000 at the end of the most recent reporting period.

Shares of Leggett & Platt, Inc. (LEG) traded up 0.21% on Wednesday, hitting $52.02. The stock had a trading volume of 863,779 shares. Leggett & Platt, Inc. has a 52-week low of $44.02 and a 52-week high of $54.97. The company has a 50-day moving average of $52.23 and a 200-day moving average of $49.89. The company has a market cap of $6.88 billion, a P/E ratio of 18.94 and a beta of 1.02.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Leggett & Platt had a net margin of 10.29% and a return on equity of 32.02%. The firm had revenue of $960.30 million during the quarter, compared to the consensus estimate of $958.98 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Leggett & Platt, Inc. will post $2.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Tuesday, June 13th. This is an increase from Leggett & Platt’s previous quarterly dividend of $0.34. Leggett & Platt’s payout ratio is currently 49.28%.

LEG has been the subject of several research reports. Zacks Investment Research lowered Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Stifel Nicolaus increased their target price on Leggett & Platt from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, April 3rd. Finally, Raymond James Financial, Inc. raised Leggett & Platt from a “market perform” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research report on Wednesday, February 1st. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.25.

In other news, SVP Scott S. Douglas sold 5,000 shares of Leggett & Platt stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $53.26, for a total transaction of $266,300.00. Following the completion of the sale, the senior vice president now owns 36,133 shares of the company’s stock, valued at $1,924,443.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph W. Mcclanathan sold 5,715 shares of Leggett & Platt stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $52.91, for a total transaction of $302,380.65. Following the sale, the director now directly owns 32,314 shares of the company’s stock, valued at approximately $1,709,733.74. The disclosure for this sale can be found here. Insiders have sold 46,320 shares of company stock valued at $2,477,652 in the last ninety days. Insiders own 3.92% of the company’s stock.

About Leggett & Platt

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LEG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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