OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Leggett & Platt, Incorporated (NYSE:LEG) by 123.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,686 shares of the company’s stock after buying an additional 1,486 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Leggett & Platt, were worth $135,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Leggett & Platt, by 1,572.6% in the first quarter. BlackRock Inc. now owns 11,942,965 shares of the company’s stock worth $600,969,000 after buying an additional 11,228,920 shares during the period. Norges Bank bought a new position in Leggett & Platt, during the fourth quarter worth approximately $62,501,000. Vanguard Group Inc. boosted its position in Leggett & Platt, by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,434,519 shares of the company’s stock worth $776,664,000 after buying an additional 481,689 shares during the period. Schroder Investment Management Group boosted its position in Leggett & Platt, by 79.8% in the first quarter. Schroder Investment Management Group now owns 1,060,299 shares of the company’s stock worth $53,450,000 after buying an additional 470,611 shares during the period. Finally, Thomaspartners Inc. boosted its position in Leggett & Platt, by 8.7% in the first quarter. Thomaspartners Inc. now owns 3,821,679 shares of the company’s stock worth $192,307,000 after buying an additional 305,900 shares during the period. 72.10% of the stock is owned by hedge funds and other institutional investors.

Leggett & Platt, Incorporated (NYSE LEG) traded up 0.29% during midday trading on Thursday, reaching $47.76. 1,187,598 shares of the company traded hands. The firm has a market capitalization of $6.32 billion, a price-to-earnings 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. The firm has a 50-day moving average price of $52.34 and a 200-day moving average price of $50.92.

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

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

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LEG has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Credit Suisse Group assumed coverage on shares of Leggett & Platt, in a research report on Thursday, June 22nd. They set a “neutral” rating and a $56.00 price objective for the company. Piper Jaffray Companies assumed coverage on shares of Leggett & Platt, in a research report on Monday, June 5th. They issued an “overweight” rating and a $59.00 target price for the company. Hilliard Lyons raised shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 target price for the company in a research report on Monday, July 24th. Finally, Gabelli assumed coverage on shares of Leggett & Platt, in a research report on Wednesday, June 21st. They issued a “hold” rating and a $53.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $56.88.

In other Leggett & Platt, news, insider Matthew C. Flanigan sold 19,589 shares of Leggett & Platt, stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $49.58, for a total value of $971,222.62. Following the transaction, the insider now directly owns 159,522 shares of the company’s stock, valued at approximately $7,909,100.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judy C. Odom sold 10,000 shares of Leggett & Platt, stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $53.55, for a total value of $535,500.00. Following the completion of the transaction, the director now directly owns 50,383 shares in the company, valued at $2,698,009.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,866 shares of company stock valued at $2,220,892. 1.78% of the stock is owned by corporate insiders.

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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