HAP Trading LLC acquired a new stake in Leggett & Platt, Incorporated (NYSE:LEG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,364 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Leggett & Platt, by 0.6% in the second quarter. BlackRock Inc. now owns 12,019,449 shares of the company’s stock valued at $631,381,000 after buying an additional 76,484 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in 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 valued at $121,693,000 after buying an additional 1,120,320 shares during the last quarter. US Bancorp DE increased its holdings in Leggett & Platt, by 2.3% in the second quarter. US Bancorp DE now owns 2,038,293 shares of the company’s stock valued at $107,072,000 after buying an additional 46,071 shares during the last quarter. Franklin Resources Inc. increased its holdings in Leggett & Platt, by 0.9% in the second quarter. Franklin Resources Inc. now owns 1,584,782 shares of the company’s stock valued at $83,249,000 after buying an additional 13,837 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC increased its holdings in 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 valued at $75,056,000 after buying an additional 12,800 shares during the last quarter. 70.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Leggett & Platt, Incorporated (LEG) traded up $0.46 during mid-day trading on Friday, reaching $46.45. The company’s stock had a trading volume of 689,515 shares, compared to its average volume of 1,070,000. 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 12 month low of $43.17 and a 12 month high of $54.97. The firm has a market capitalization of $6,180.00, a P/E ratio of 18.99, a P/E/G ratio of 1.90 and a beta of 1.03.

Leggett & Platt, (NYSE:LEG) last issued its earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Leggett & Platt, had a return on equity of 29.60% and a net margin of 8.75%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. Leggett & Platt,’s quarterly revenue was up 6.4% compared to the same quarter last year. analysts anticipate that Leggett & Platt, Incorporated will post 2.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.10%. Leggett & Platt,’s payout ratio is currently 58.30%.

Several analysts recently weighed in on the company. Hilliard Lyons raised Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price objective for the company in a report on Monday, July 24th. Piper Jaffray Companies lowered Leggett & Platt, from an “overweight” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Monday, October 30th. BidaskClub lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $53.00 price objective on shares of Leggett & Platt, in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.29.

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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.

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

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