Leggett & Platt Inc. (NYSE:LEG) SVP Scott S. Douglas sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $49.50, for a total transaction of $49,500.00. Following the sale, the senior vice president now directly owns 38,089 shares of the company’s stock, valued at approximately $1,885,405.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Leggett & Platt Inc. (NYSE:LEG) traded up 0.08% during trading on Thursday, reaching $48.83. 486,469 shares of the company’s stock were exchanged. Leggett & Platt Inc. has a 52-week low of $36.64 and a 52-week high of $54.63. The stock’s 50-day moving average price is $45.99 and its 200-day moving average price is $49.61. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 17.86 and a beta of 0.94.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business earned $948.90 million during the quarter, compared to analyst estimates of $1.01 billion. Leggett & Platt had a return on equity of 33.52% and a net margin of 10.15%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. Equities analysts expect that Leggett & Platt Inc. will post $2.54 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.79%. Leggett & Platt’s dividend payout ratio (DPR) is currently 49.64%.

A number of large investors have recently bought and sold shares of LEG. Public Employees Retirement Association of Colorado raised its stake in Leggett & Platt by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,273 shares of the company’s stock valued at $195,000 after buying an additional 18 shares during the period. Ronna Sue Cohen raised its stake in Leggett & Platt by 0.5% in the third quarter. Ronna Sue Cohen now owns 8,070 shares of the company’s stock valued at $368,000 after buying an additional 44 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in Leggett & Platt by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,055 shares of the company’s stock valued at $513,000 after buying an additional 78 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Leggett & Platt by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 23,110 shares of the company’s stock valued at $1,053,000 after buying an additional 80 shares during the period. Finally, Woodstock Corp raised its stake in Leggett & Platt by 0.6% in the third quarter. Woodstock Corp now owns 15,500 shares of the company’s stock valued at $706,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 66.42% of the company’s stock.

A number of research firms have recently weighed in on LEG. Hilliard Lyons downgraded shares of Leggett & Platt from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Raymond James Financial Inc. reissued a “market perform” rating on shares of Leggett & Platt in a research report on Monday, August 1st. Citigroup Inc. downgraded shares of Leggett & Platt to a “market perform” rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Leggett & Platt from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, CJS Securities raised shares of Leggett & Platt to a “market perform” rating and set a $55.00 price target for the company in a research report on Tuesday, November 1st. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $55.50.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Residential Furnishings segment manufactures steel coiled bedsprings.

5 Day Chart for NYSE:LEG

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