DnB Asset Management AS continued to hold its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) during the second quarter, Holdings Channel reports. The institutional investor owned 10,579 shares of the company’s stock at the end of the second quarter. DnB Asset Management AS’s holdings in Leggett & Platt, were worth $556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LEG. Dimensional Fund Advisors LP raised its position in shares of Leggett & Platt, by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 582,188 shares of the company’s stock worth $28,461,000 after buying an additional 14,623 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Leggett & Platt, by 3,106.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,810 shares of the company’s stock worth $235,000 after buying an additional 4,660 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Leggett & Platt, during the fourth quarter worth about $975,000. Pegasus Partners Ltd. raised its position in shares of Leggett & Platt, by 6.7% in the fourth quarter. Pegasus Partners Ltd. now owns 44,968 shares of the company’s stock worth $2,198,000 after buying an additional 2,807 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Leggett & Platt, by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 338,172 shares of the company’s stock worth $16,530,000 after buying an additional 19,947 shares during the period. Institutional investors own 72.09% of the company’s stock.

Leggett & Platt, Incorporated (LEG) opened at 53.22 on Monday. Leggett & Platt, Incorporated has a 12-month low of $44.02 and a 12-month high of $54.97. The firm has a 50-day moving average price of $52.15 and a 200 day moving average price of $50.44. The firm has a market cap of $7.04 billion, a PE ratio of 19.37 and a beta of 1.01.

Leggett & Platt, (NYSE:LEG) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Leggett & Platt, had a return on equity of 31.91% and a net margin of 10.14%. The company had revenue of $960.30 million during the quarter, compared to analysts’ expectations of $958.98 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Leggett & Platt, Incorporated will post $2.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Tuesday, June 13th. This is a boost from Leggett & Platt,’s previous quarterly dividend of $0.34. Leggett & Platt,’s payout ratio is currently 52.36%.

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A number of research analysts have issued reports on LEG shares. Stifel Nicolaus boosted their price target on Leggett & Platt, from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, April 3rd. Zacks Investment Research lowered Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Piper Jaffray Companies started coverage on Leggett & Platt, in a research report on Monday, June 5th. They set an “overweight” rating and a $59.00 price target for the company. BidaskClub lowered Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Gabelli initiated coverage on Leggett & Platt, in a research report on Wednesday, June 21st. They set a “hold” rating and a $53.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $55.57.

In other news, SVP Scott S. Douglas sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was 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 in the company, valued at $1,924,443.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew C. Flanigan sold 12,328 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $53.48, for a total value of $659,301.44. Following the sale, the insider now owns 104,310 shares of the company’s stock, valued at approximately $5,578,498.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,320 shares of company stock valued at $2,477,652. Corporate insiders own 1.78% 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.

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

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