Advisor Group Inc. increased its position in shares of Leggett & Platt, Inc. (NYSE:LEG) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,661 shares of the company’s stock after buying an additional 3,560 shares during the quarter. Advisor Group Inc.’s holdings in Leggett & Platt were worth $3,407,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of Leggett & Platt during the first quarter worth about $26,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Leggett & Platt during the fourth quarter worth about $30,000. Legacy Advisors LLC bought a new position in shares of Leggett & Platt during the first quarter worth about $51,000. Quadrant Capital Group LLC bought a new position in shares of Leggett & Platt during the first quarter worth about $57,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Leggett & Platt by 90.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,455 shares of the company’s stock worth $52,000 after buying an additional 691 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.

LEG stock opened at $36.01 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.58 and a beta of 1.06. Leggett & Platt, Inc. has a twelve month low of $33.48 and a twelve month high of $46.71.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.03). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.18 billion. Leggett & Platt had a net margin of 6.58% and a return on equity of 28.02%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, research analysts predict that Leggett & Platt, Inc. will post 2.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.44%. This is an increase from Leggett & Platt’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, June 13th. Leggett & Platt’s dividend payout ratio (DPR) is currently 61.29%.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Leggett & Platt from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Gabelli downgraded Leggett & Platt from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Finally, TheStreet upgraded Leggett & Platt from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Leggett & Platt has an average rating of “Hold” and a consensus price target of $42.00.

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About Leggett & Platt

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.

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Institutional Ownership by Quarter for Leggett & Platt (NYSE:LEG)

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