Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,994 shares of the company’s stock after selling 1,986 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of Leggett & Platt worth $18,758,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Leggett & Platt by 0.6% in the second quarter. BlackRock Inc. now owns 12,019,449 shares of the company’s stock worth $631,381,000 after purchasing an additional 76,484 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Leggett & Platt by 78.4% in the third quarter. Bank of New York Mellon Corp now owns 2,549,592 shares of the company’s stock worth $121,693,000 after purchasing an additional 1,120,320 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Leggett & Platt by 0.9% in the second quarter. Franklin Resources Inc. now owns 1,584,782 shares of the company’s stock worth $83,249,000 after purchasing an additional 13,837 shares during the last quarter. Villere ST Denis J & Co. LLC grew its stake in shares of Leggett & Platt by 0.8% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,572,514 shares of the company’s stock worth $75,056,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Leggett & Platt by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 820,051 shares of the company’s stock worth $43,078,000 after purchasing an additional 51,765 shares during the last quarter. 69.52% of the stock is currently owned by hedge funds and other institutional investors.

Leggett & Platt, Incorporated (LEG) traded down $0.16 during trading on Monday, reaching $46.49. The company’s stock had a trading volume of 206,600 shares, compared to its average volume of 964,147. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.74. The company has a market cap of $6,128.17, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03. Leggett & Platt, Incorporated has a fifty-two week low of $43.17 and a fifty-two week high of $54.97.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Leggett & Platt had a return on equity of 29.60% and a net margin of 8.75%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. equities analysts forecast that Leggett & Platt, Incorporated will post 2.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.44 annualized dividend and a yield of 3.10%. Leggett & Platt’s payout ratio is 58.78%.

Several analysts recently issued reports on the company. BidaskClub cut Leggett & Platt from a “hold” rating to a “sell” rating in a research note on Sunday, August 6th. Piper Jaffray Companies set a $59.00 target price on Leggett & Platt and gave the stock a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research cut Leggett & Platt from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. SunTrust Banks, Inc. raised Leggett & Platt from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $53.00 in a research note on Friday, September 22nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Leggett & Platt in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $54.29.

In other Leggett & Platt news, SVP Scott S. Douglas sold 3,000 shares of Leggett & Platt stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $46.45, for a total transaction of $139,350.00. Following the sale, the senior vice president now directly owns 35,289 shares of the company’s stock, valued at approximately $1,639,174.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.78% of the company’s stock.

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Leggett & Platt 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.

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

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