Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 21.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,798 shares of the company’s stock after acquiring an additional 6,271 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Leggett & Platt, were worth $1,880,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Leggett & Platt, by 7.4% in the 1st quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock valued at $107,000 after acquiring an additional 147 shares during the last quarter. TrimTabs Asset Management LLC lifted its holdings in shares of Leggett & Platt, by 89.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock valued at $117,000 after acquiring an additional 1,096 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Leggett & Platt, in the 1st quarter valued at about $126,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Leggett & Platt, by 123.8% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,686 shares of the company’s stock valued at $135,000 after acquiring an additional 1,486 shares during the last quarter. Finally, Exane Derivatives lifted its holdings in shares of Leggett & Platt, by 132,500.0% in the 2nd quarter. Exane Derivatives now owns 2,652 shares of the company’s stock valued at $139,000 after acquiring an additional 2,650 shares during the last quarter. 68.98% of the stock is owned by hedge funds and other institutional investors.

In other Leggett & Platt, news, insider Matthew C. Flanigan sold 19,589 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were 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 in the company, valued at approximately $7,909,100.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.78% of the company’s stock.

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Shares of Leggett & Platt, Incorporated (NYSE LEG) opened at 46.43 on Tuesday. The firm has a 50-day moving average of $48.54 and a 200 day moving average of $50.63. The company has a market cap of $6.14 billion, a P/E ratio of 18.42 and a beta of 1.00. Leggett & Platt, Incorporated has a 52 week low of $44.02 and a 52 week high of $54.97.

Leggett & Platt, (NYSE:LEG) last posted its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.01. The firm had revenue of $989.30 million during the quarter, compared to analyst estimates of $1 billion. Leggett & Platt, had a net margin of 9.17% and a return on equity of 31.02%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Equities analysts expect that Leggett & Platt, Incorporated will post $2.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 3.10%. Leggett & Platt,’s payout ratio is 57.14%.

A number of brokerages recently commented on LEG. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $59.00 price target on shares of Leggett & Platt, in a report on Friday, July 14th. Gabelli began coverage on shares of Leggett & Platt, in a report on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price target for the company. BidaskClub raised shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Credit Suisse Group started coverage on shares of Leggett & Platt, in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $56.00 price objective for the company. Finally, Hilliard Lyons raised shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price objective for the company in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.88.

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.

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

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