Leggett & Platt, Incorporated (NYSE:LEG) Shares Purchased by Applied Capital LLC FL

Applied Capital LLC FL raised its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,987 shares of the company’s stock after acquiring an additional 1,327 shares during the quarter. Applied Capital LLC FL’s holdings in Leggett & Platt were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Leggett & Platt by 426.2% during the second quarter. Pacer Advisors Inc. now owns 14,042,134 shares of the company’s stock valued at $160,923,000 after purchasing an additional 11,373,507 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Leggett & Platt by 1,098.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,005,408 shares of the company’s stock valued at $22,160,000 after acquiring an additional 1,838,009 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Leggett & Platt during the 2nd quarter worth $3,380,000. Invenomic Capital Management LP acquired a new position in shares of Leggett & Platt in the 1st quarter worth $4,203,000. Finally, Quantbot Technologies LP raised its position in shares of Leggett & Platt by 1,109.0% during the second quarter. Quantbot Technologies LP now owns 238,515 shares of the company’s stock worth $2,733,000 after purchasing an additional 218,786 shares during the period. Institutional investors own 64.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LEG. StockNews.com upgraded Leggett & Platt from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Truist Financial boosted their price target on Leggett & Platt from $11.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group reduced their price target on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Leggett & Platt presently has an average rating of “Hold” and an average target price of $12.67.

Leggett & Platt Price Performance

NYSE:LEG opened at $13.13 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.53 and a quick ratio of 0.88. The stock has a market cap of $1.76 billion, a P/E ratio of -11.32 and a beta of 1.07. The company has a fifty day moving average price of $12.71 and a 200 day moving average price of $13.27. Leggett & Platt, Incorporated has a one year low of $10.11 and a one year high of $27.58.

Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, August 1st. The company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Leggett & Platt had a negative net margin of 18.05% and a positive return on equity of 12.65%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current year.

Leggett & Platt Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Friday, September 13th. Leggett & Platt’s dividend payout ratio is presently -17.24%.

Leggett & Platt Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.