Leggett & Platt, Incorporated (LEG) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC trimmed its position in Leggett & Platt, Incorporated (NYSE:LEG) by 49.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,168 shares of the company’s stock after selling 40,469 shares during the quarter. SG Americas Securities LLC’s holdings in Leggett & Platt, were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of LEG. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Leggett & Platt, by 6.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,407 shares of the company’s stock valued at $127,000 after acquiring an additional 153 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Leggett & Platt, by 25.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,137 shares of the company’s stock worth $165,000 after buying an additional 634 shares during the last quarter. Investment Management of Virginia LLC bought a new position in Leggett & Platt, during the 2nd quarter worth $206,000. Profund Advisors LLC bought a new position in Leggett & Platt, during the 2nd quarter worth $217,000. Finally, Sigma Planning Corp grew its stake in Leggett & Platt, by 4.2% during the 2nd quarter. Sigma Planning Corp now owns 4,277 shares of the company’s stock worth $225,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.
In other news, SVP Scott S. Douglas sold 3,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $46.45, for a total value of $139,350.00. Following the completion of the transaction, the senior vice president now owns 35,289 shares of the company’s stock, valued at $1,639,174.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.78% of the company’s stock.
LEG has been the subject of a number of recent research reports. Piper Jaffray Companies set a $59.00 price objective on Leggett & Platt, and gave the stock a “buy” rating in a research note on Monday, August 14th. SunTrust Banks, Inc. restated a “buy” rating and set a $53.00 price objective on shares of Leggett & Platt, in a research note on Friday, October 27th. Stifel Nicolaus restated a “hold” rating on shares of Leggett & Platt, in a research note on Thursday, September 7th. BidaskClub downgraded Leggett & Platt, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Leggett & Platt, from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Leggett & Platt, has an average rating of “Buy” and a consensus price target of $54.29.
Leggett & Platt, Incorporated (NYSE LEG) opened at $46.49 on Friday. The company has a market capitalization of $6,149.28, a price-to-earnings ratio of 19.44, a P/E/G ratio of 1.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.74. Leggett & Platt, Incorporated has a 52 week low of $43.17 and a 52 week high of $54.97.
Leggett & Platt, (NYSE:LEG) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Leggett & Platt, had a return on equity of 29.60% and a net margin of 8.75%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. analysts anticipate that Leggett & Platt, Incorporated will post 2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.10%. Leggett & Platt,’s payout ratio is 58.78%.
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Leggett & Platt, Company Profile
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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