30,002 Shares in Leggett & Platt, Inc. (LEG) Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund acquired a new position in Leggett & Platt, Inc. (NYSE:LEG) in the second quarter, Holdings Channel reports. The firm acquired 30,002 shares of the company’s stock, valued at approximately $1,339,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in Leggett & Platt by 0.5% during the 2nd quarter. Victory Capital Management Inc. now owns 261,331 shares of the company’s stock valued at $11,666,000 after buying an additional 1,191 shares during the last quarter. Palisade Asset Management LLC raised its holdings in Leggett & Platt by 2.0% during the 2nd quarter. Palisade Asset Management LLC now owns 63,691 shares of the company’s stock valued at $2,843,000 after buying an additional 1,241 shares during the last quarter. Monroe Bank & Trust MI raised its holdings in Leggett & Platt by 3.6% during the 2nd quarter. Monroe Bank & Trust MI now owns 36,422 shares of the company’s stock valued at $1,626,000 after buying an additional 1,281 shares during the last quarter. Amalgamated Bank raised its holdings in Leggett & Platt by 4.8% during the 1st quarter. Amalgamated Bank now owns 29,667 shares of the company’s stock valued at $1,316,000 after buying an additional 1,371 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Leggett & Platt by 9.9% during the 2nd quarter. SG Americas Securities LLC now owns 16,609 shares of the company’s stock valued at $741,000 after buying an additional 1,499 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.

NYSE:LEG opened at $46.40 on Monday. Leggett & Platt, Inc. has a 52 week low of $39.57 and a 52 week high of $51.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.90 and a quick ratio of 1.23. The firm has a market cap of $6.02 billion, a P/E ratio of 18.86, a PEG ratio of 1.66 and a beta of 0.84.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Leggett & Platt had a net margin of 6.83% and a return on equity of 27.73%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. equities research analysts expect that Leggett & Platt, Inc. will post 2.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, September 24th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Friday, September 21st. Leggett & Platt’s payout ratio is currently 61.79%.

A number of research firms recently commented on LEG. Zacks Investment Research upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Stifel Nicolaus upgraded shares of Leggett & Platt from a “hold” rating to a “buy” rating and upped their price target for the company from $48.00 to $50.00 in a report on Thursday, May 31st. Finally, ValuEngine upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.20.

In other Leggett & Platt news, insider Matthew C. Flanigan sold 29,248 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $44.09, for a total transaction of $1,289,544.32. Following the transaction, the insider now directly owns 115,039 shares of the company’s stock, valued at approximately $5,072,069.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew C. Flanigan sold 15,672 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $720,912.00. Following the transaction, the insider now directly owns 116,341 shares in the company, valued at $5,351,686. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

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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Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Inc. (NYSE:LEG).

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

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