Cibc World Markets Corp grew its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 33.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,696 shares of the company’s stock after acquiring an additional 4,718 shares during the quarter. Cibc World Markets Corp’s holdings in Leggett & Platt, were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gotham Asset Management LLC grew its stake in shares of Leggett & Platt, by 270.6% in the first quarter. Gotham Asset Management LLC now owns 157,645 shares of the company’s stock worth $7,933,000 after acquiring an additional 115,102 shares during the last quarter. State of Wisconsin Investment Board increased its position in Leggett & Platt, by 33.1% during the second quarter. State of Wisconsin Investment Board now owns 121,673 shares of the company’s stock worth $6,391,000 after acquiring an additional 30,250 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Leggett & Platt, by 13.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 285,588 shares of the company’s stock worth $15,002,000 after acquiring an additional 33,106 shares during the period. Victory Capital Management Inc. increased its position in Leggett & Platt, by 15.4% during the second quarter. Victory Capital Management Inc. now owns 173,461 shares of the company’s stock worth $9,112,000 after acquiring an additional 23,089 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Leggett & Platt, by 21.2% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,798 shares of the company’s stock worth $1,880,000 after acquiring an additional 6,271 shares during the period. 68.86% of the stock is owned by institutional investors.

In related news, insider Matthew C. Flanigan sold 19,589 shares of Leggett & Platt, stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $49.58, for a total transaction 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 approximately $7,909,100.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.78% of the stock is currently owned by company insiders.

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LEG has been the subject of a number of research reports. BidaskClub downgraded shares of Leggett & Platt, from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Hilliard Lyons upgraded shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price target on the stock in a research report on Monday, July 24th. Piper Jaffray Companies restated a “buy” rating and set a $49.00 price objective on shares of Leggett & Platt, in a report on Friday, September 8th. Stifel Nicolaus restated a “hold” rating on shares of Leggett & Platt, in a report on Thursday, September 7th. Finally, Credit Suisse Group initiated coverage on shares of Leggett & Platt, in a research report on Thursday, June 22nd. They set a “neutral” rating and a $56.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Leggett & Platt, currently has an average rating of “Hold” and an average target price of $55.33.

Shares of Leggett & Platt, Incorporated (LEG) opened at 48.19 on Tuesday. The firm has a market cap of $6.37 billion, a P/E ratio of 19.12 and a beta of 0.99. Leggett & Platt, Incorporated has a 1-year low of $43.17 and a 1-year high of $54.97. The firm’s 50-day moving average is $46.21 and its 200-day moving average is $50.24.

Leggett & Platt, (NYSE:LEG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The firm had revenue of $989.30 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that Leggett & Platt, Incorporated will post $2.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.99%. Leggett & Platt,’s dividend payout ratio (DPR) is currently 57.14%.

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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