KAMES CAPITAL plc decreased its position in shares of Leggett & Platt, Inc. (NYSE:LEG) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 723,501 shares of the company’s stock after selling 5,167 shares during the period. KAMES CAPITAL plc owned 0.55% of Leggett & Platt worth $34,533,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Leggett & Platt by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,407 shares of the company’s stock valued at $127,000 after buying an additional 153 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Leggett & Platt by 25.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,137 shares of the company’s stock valued at $165,000 after buying an additional 634 shares during the last quarter. Profund Advisors LLC bought a new stake in shares of Leggett & Platt during the second quarter valued at approximately $217,000. Engineers Gate Manager LP bought a new stake in shares of Leggett & Platt during the third quarter valued at approximately $217,000. Finally, TLP Group LLC raised its position in shares of Leggett & Platt by 6,084.2% during the second quarter. TLP Group LLC now owns 4,700 shares of the company’s stock valued at $247,000 after buying an additional 4,624 shares during the last quarter. Institutional investors own 68.44% of the company’s stock.
Shares of Leggett & Platt, Inc. (LEG) traded down $0.59 on Friday, reaching $45.05. 1,511,093 shares of the company traded hands, compared to its average volume of 1,169,246. Leggett & Platt, Inc. has a 12 month low of $43.17 and a 12 month high of $54.97. The company has a market capitalization of $6,016.15, a PE ratio of 18.39, a PEG ratio of 1.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 1.11.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.20%. The ex-dividend date was Thursday, December 14th. Leggett & Platt’s dividend payout ratio is presently 58.78%.
LEG has been the topic of several research reports. Zacks Investment Research cut shares of Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies set a $49.00 price target on shares of Leggett & Platt and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, SunTrust Banks restated a “buy” rating and issued a $53.00 price target on shares of Leggett & Platt in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.57.
In related news, SVP Scott S. Douglas sold 3,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $46.45, for a total value of $139,350.00. Following the sale, the senior vice president now owns 35,289 shares in the company, valued at $1,639,174.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.78% of the company’s stock.
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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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