Janus Capital Management LLC decreased its position in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 71.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 465,120 shares of the company’s stock after selling 1,136,900 shares during the period. Janus Capital Management LLC owned 0.35% of Leggett & Platt, worth $23,405,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in LEG. Van ECK Associates Corp raised its position in Leggett & Platt, by 7.4% in the first quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock worth $107,000 after buying an additional 147 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Leggett & Platt, by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock valued at $117,000 after buying an additional 1,096 shares in the last quarter. Pinnacle Bank acquired a new position in shares of Leggett & Platt, during the first quarter valued at $122,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Leggett & Platt, during the first quarter valued at $126,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Leggett & Platt, by 123.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,686 shares of the company’s stock valued at $135,000 after buying an additional 1,486 shares in the last quarter. Institutional investors and hedge funds own 72.10% of the company’s stock.

Shares of Leggett & Platt, Incorporated (NYSE LEG) traded up 0.29% on Thursday, hitting $47.76. The stock had a trading volume of 1,187,598 shares. The company’s 50 day moving average is $52.34 and its 200 day moving average is $50.92. The stock has a market cap of $6.32 billion, a PE ratio of 18.30 and a beta of 0.99. Leggett & Platt, Incorporated has a one year low of $44.02 and a one year high of $54.97.

Leggett & Platt, (NYSE:LEG) last issued its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.01. The business had revenue of $989.30 million during the quarter, compared to the consensus estimate of $1 billion. Leggett & Platt, had a net margin of 9.17% and a return on equity of 31.02%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Equities research analysts predict that Leggett & Platt, Incorporated will post $2.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.02%. Leggett & Platt,’s dividend payout ratio (DPR) is presently 57.14%.

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Several brokerages recently weighed in on LEG. BidaskClub lowered Leggett & Platt, from a “buy” rating to a “hold” rating in a research note on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $59.00 price target on shares of Leggett & Platt, in a research note on Friday, July 14th. Zacks Investment Research lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a research note on Tuesday. Hilliard Lyons upgraded Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price target for the company in a research note on Monday, July 24th. Finally, Gabelli began coverage on Leggett & Platt, in a report on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Leggett & Platt, currently has an average rating of “Buy” and a consensus target price of $56.88.

In related news, Director Judy C. Odom sold 10,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $53.55, for a total value of $535,500.00. Following the sale, the director now directly owns 50,383 shares in the company, valued at approximately $2,698,009.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew C. Flanigan sold 19,589 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $49.58, for a total transaction of $971,222.62. Following the completion of the sale, the insider now owns 159,522 shares in the company, valued at $7,909,100.76. The disclosure for this sale can be found here. Insiders sold a total of 42,866 shares of company stock worth $2,220,892 in the last ninety days. Insiders own 1.78% of the company’s stock.

About Leggett & Platt,

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.

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

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