Leggett & Platt, Inc. (NYSE:LEG) CFO Matthew C. Flanigan sold 10,061 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.78, for a total value of $460,592.58. Following the completion of the transaction, the chief financial officer now directly owns 102,615 shares of the company’s stock, valued at approximately $4,697,714.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Leggett & Platt, Inc. (NYSE:LEG) opened at $44.92 on Tuesday. Leggett & Platt, Inc. has a one year low of $42.00 and a one year high of $54.97. The stock has a market capitalization of $5,920.00, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.92.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The firm had revenue of $984.00 million for the quarter, compared to analyst estimates of $998.32 million. During the same quarter in the previous year, the company earned $0.53 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. equities research analysts expect that Leggett & Platt, Inc. will post 2.76 EPS for the current fiscal year.

Several analysts have issued reports on the company. Piper Jaffray Companies cut Leggett & Platt from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research note on Monday, October 30th. SunTrust Banks restated a “buy” rating and set a $53.00 price objective on shares of Leggett & Platt in a research note on Friday, October 27th. Zacks Investment Research upgraded Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, Gabelli upgraded Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Leggett & Platt presently has an average rating of “Hold” and an average target price of $54.57.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of Leggett & Platt by 51.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 139,883 shares of the company’s stock worth $7,350,000 after purchasing an additional 47,247 shares during the period. Profund Advisors LLC acquired a new stake in shares of Leggett & Platt during the 2nd quarter worth approximately $217,000. Thrivent Financial For Lutherans raised its position in shares of Leggett & Platt by 1.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,150 shares of the company’s stock worth $271,000 after purchasing an additional 90 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Leggett & Platt during the 2nd quarter worth approximately $378,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Leggett & Platt by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 622,389 shares of the company’s stock worth $32,693,000 after purchasing an additional 35,249 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Leggett & Platt (NYSE:LEG)

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