Qube Research & Technologies Ltd purchased a new position in shares of Leggett & Platt, Inc. (NYSE:LEG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,157 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEG. Dimensional Fund Advisors LP grew its holdings in Leggett & Platt by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,189,463 shares of the company’s stock valued at $42,631,000 after buying an additional 26,326 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Leggett & Platt by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,109,433 shares of the company’s stock valued at $75,497,000 after acquiring an additional 141,394 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Leggett & Platt by 1.7% during the 1st quarter. Retirement Systems of Alabama now owns 61,032 shares of the company’s stock valued at $2,577,000 after acquiring an additional 1,008 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Leggett & Platt by 17.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 27,485 shares of the company’s stock valued at $1,160,000 after acquiring an additional 4,000 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its position in shares of Leggett & Platt by 18.6% during the 1st quarter. IFM Investors Pty Ltd now owns 9,220 shares of the company’s stock valued at $389,000 after acquiring an additional 1,447 shares during the last quarter. Institutional investors own 77.33% of the company’s stock.

A number of analysts have recently issued reports on the company. Raymond James downgraded Leggett & Platt from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th. TheStreet downgraded Leggett & Platt from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Zacks Investment Research downgraded Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, ValuEngine downgraded Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.00.

Shares of LEG traded up $0.47 during trading hours on Wednesday, reaching $39.03. 4,985 shares of the company’s stock traded hands, compared to its average volume of 1,704,840. The stock has a market cap of $5.06 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 2.01. The firm’s 50 day simple moving average is $38.96 and its 200-day simple moving average is $40.60. Leggett & Platt, Inc. has a 12 month low of $33.48 and a 12 month high of $46.71.

Leggett & Platt (NYSE:LEG) last released its earnings results on Monday, July 29th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. Leggett & Platt had a return on equity of 27.47% and a net margin of 6.44%. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, analysts expect that Leggett & Platt, Inc. will post 2.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.60 dividend on an annualized basis and a yield of 4.10%. Leggett & Platt’s payout ratio is 64.52%.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.

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

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