Keybank National Association OH decreased its holdings in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,694 shares of the company’s stock after selling 139 shares during the period. Keybank National Association OH’s holdings in Leggett & Platt, were worth $457,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Leggett & Platt, by 7.4% during the 1st quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock valued at $107,000 after purchasing an additional 147 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Leggett & Platt, by 89.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock valued at $117,000 after purchasing an additional 1,096 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Leggett & Platt, during the 1st quarter valued at about $126,000. Exane Derivatives boosted its position in shares of Leggett & Platt, by 132,500.0% during the 2nd quarter. Exane Derivatives now owns 2,652 shares of the company’s stock valued at $139,000 after purchasing an additional 2,650 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Leggett & Platt, by 123.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,686 shares of the company’s stock valued at $135,000 after purchasing an additional 1,486 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

LEG has been the topic of several research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Leggett & Platt, in a research report on Friday, July 14th. BidaskClub upgraded Leggett & Platt, from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Gabelli initiated coverage on Leggett & Platt, in a research report on Wednesday, June 21st. They set a “hold” rating and a $53.00 target price on the stock. Zacks Investment Research lowered Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Leggett & Platt, in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Leggett & Platt, presently has a consensus rating of “Hold” and a consensus target price of $55.63.

Leggett & Platt, Incorporated (NYSE:LEG) opened at 45.37 on Tuesday. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 18.00 and a beta of 1.00. Leggett & Platt, Incorporated has a one year low of $43.17 and a one year high of $54.97. The firm has a 50-day moving average price of $47.41 and a 200 day moving average price of $50.58.

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 analysts’ consensus estimates of $0.65 by $0.01. Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The firm had revenue of $989.30 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.66 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Leggett & Platt, Incorporated will post $2.49 earnings per share 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 dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.17%. Leggett & Platt,’s dividend payout ratio (DPR) is 57.14%.

In other Leggett & Platt, news, insider Matthew C. Flanigan sold 19,589 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $49.58, for a total transaction of $971,222.62. Following the transaction, the insider now 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 can be accessed through this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

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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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