UMB Bank N A MO increased its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 335,771 shares of the company’s stock after buying an additional 2,794 shares during the period. UMB Bank N A MO’s holdings in Leggett & Platt, were worth $17,638,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LEG. Van ECK Associates Corp increased its position in Leggett & Platt, by 7.4% in the first quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock valued at $107,000 after buying an additional 147 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Leggett & Platt, by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock valued at $117,000 after buying an additional 1,096 shares during the last quarter. Pinnacle Bank bought a new position in Leggett & Platt, during the first quarter valued at about $122,000. Oppenheimer Asset Management Inc. bought a new position in Leggett & Platt, during the first quarter valued at about $126,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Leggett & Platt, by 123.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,686 shares of the company’s stock valued at $135,000 after buying an additional 1,486 shares during the last quarter. Institutional investors own 72.10% of the company’s stock.

Leggett & Platt, Incorporated (NYSE LEG) opened at 46.97 on Friday. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 18.64 and a beta of 0.98. Leggett & Platt, Incorporated has a 52-week low of $44.02 and a 52-week high of $54.97. The firm has a 50-day moving average of $51.18 and a 200-day moving average of $50.86.

Leggett & Platt, (NYSE:LEG) last released its earnings results on Thursday, July 27th. The company reported $0.64 EPS 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 firm 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 business earned $0.66 earnings per share. Leggett & Platt,’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Leggett & Platt, Incorporated will post $2.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, September 14th. Leggett & Platt,’s dividend payout ratio (DPR) is presently 57.14%.

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Several research analysts have recently issued reports on LEG shares. Piper Jaffray Companies restated a “buy” rating and set a $59.00 price objective on shares of Leggett & Platt, in a report on Friday, July 14th. BidaskClub raised shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research cut shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Gabelli started coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 target price on the stock. Finally, Hilliard Lyons raised shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 target price on the stock in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.88.

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 shares were sold at an average price of $49.58, for a total transaction of $971,222.62. Following the sale, the insider now directly owns 159,522 shares of the company’s stock, valued at approximately $7,909,100.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

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

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