State Board of Administration of Florida Retirement System boosted its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,238 shares of the company’s stock after buying an additional 97 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Leggett & Platt, worth $10,413,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Gotham Asset Management LLC raised its position in Leggett & Platt, by 270.6% in the first quarter. Gotham Asset Management LLC now owns 157,645 shares of the company’s stock valued at $7,933,000 after buying an additional 115,102 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Leggett & Platt, by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,565 shares of the company’s stock valued at $168,000 after buying an additional 174 shares during the last quarter. State of Wisconsin Investment Board raised its position in Leggett & Platt, by 33.1% in the second quarter. State of Wisconsin Investment Board now owns 121,673 shares of the company’s stock valued at $6,391,000 after buying an additional 30,250 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in Leggett & Platt, by 19.0% in the first quarter. Morgan Dempsey Capital Management LLC now owns 72,526 shares of the company’s stock valued at $3,649,000 after buying an additional 11,569 shares during the last quarter. Finally, Ronna Sue Cohen raised its position in Leggett & Platt, by 0.6% in the second quarter. Ronna Sue Cohen now owns 8,220 shares of the company’s stock valued at $432,000 after buying an additional 47 shares during the last quarter. Institutional investors own 69.01% of the company’s stock.

Shares of Leggett & Platt, Incorporated (LEG) opened at 46.08 on Thursday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 18.29 and a beta of 0.98. Leggett & Platt, Incorporated has a 1-year low of $44.02 and a 1-year high of $54.97. The stock has a 50 day moving average of $49.52 and a 200-day moving average of $50.74.

Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. Leggett & Platt, had a net margin of 9.17% and a return on equity of 31.02%. The business had revenue of $989.30 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company posted $0.66 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Leggett & Platt, Incorporated will post $2.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.13%. Leggett & Platt,’s dividend payout ratio is 57.14%.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.watchlistnews.com/leggett-platt-incorporated-leg-position-increased-by-state-board-of-administration-of-florida-retirement-system/1533357.html.

A number of research firms have recently issued reports on LEG. Piper Jaffray Companies began coverage on shares of Leggett & Platt, in a research note on Monday, June 5th. They issued an “overweight” rating and a $59.00 price target on the stock. Credit Suisse Group began coverage on shares of Leggett & Platt, in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $56.00 price target on the stock. Zacks Investment Research downgraded shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Gabelli began coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.88.

In other news, insider Matthew C. Flanigan sold 19,589 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $49.58, for a total value of $971,222.62. Following the completion of the sale, the insider now directly owns 159,522 shares of the company’s stock, valued at $7,909,100.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Incorporated (NYSE:LEG).

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

Receive News & Ratings for Leggett & Platt Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.