New York State Common Retirement Fund reduced its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 287,800 shares of the company’s stock after selling 4,001 shares during the quarter. New York State Common Retirement Fund owned approximately 0.22% of Leggett & Platt, worth $15,118,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its position in Leggett & Platt, by 1,572.6% during the first quarter. BlackRock Inc. now owns 11,942,965 shares of the company’s stock valued at $600,969,000 after purchasing an additional 11,228,920 shares in the last quarter. Vanguard Group Inc. increased its stake in Leggett & Platt, by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 15,434,519 shares of the company’s stock valued at $776,664,000 after buying an additional 481,689 shares during the period. JPMorgan Chase & Co. increased its stake in Leggett & Platt, by 31.0% in the 1st quarter. JPMorgan Chase & Co. now owns 827,780 shares of the company’s stock valued at $41,654,000 after buying an additional 196,033 shares during the period. WINTON GROUP Ltd increased its stake in Leggett & Platt, by 182.3% in the 1st quarter. WINTON GROUP Ltd now owns 237,307 shares of the company’s stock valued at $10,816,000 after buying an additional 153,237 shares during the period. Finally, Geode Capital Management LLC increased its stake in Leggett & Platt, by 10.8% in the 1st quarter. Geode Capital Management LLC now owns 1,445,309 shares of the company’s stock valued at $72,633,000 after buying an additional 141,050 shares during the period. Institutional investors and hedge funds own 68.86% of the company’s stock.

Leggett & Platt, Incorporated (NYSE LEG) opened at 48.56 on Wednesday. Leggett & Platt, Incorporated has a 12 month low of $43.17 and a 12 month high of $54.97. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 19.27 and a beta of 0.99. The company’s 50-day moving average is $46.24 and its 200 day moving average is $50.23.

Leggett & Platt, (NYSE:LEG) last announced its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The company had revenue of $989.30 million during the quarter, compared to analyst estimates of $1 billion. Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. Leggett & Platt,’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Equities analysts forecast that Leggett & Platt, Incorporated will post $2.43 earnings per share for the current fiscal year.

The company also recently declared 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 dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 14th. Leggett & Platt,’s dividend payout ratio is 57.14%.

LEG has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th. Piper Jaffray Companies set a $59.00 price target on shares of Leggett & Platt, and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research cut shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Gabelli initiated coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price target on the stock. Finally, SunTrust Banks, Inc. raised shares of Leggett & Platt, from a “hold” rating to a “buy” rating and upped their price target for the stock from $50.00 to $53.00 in a research note on Friday, September 22nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Leggett & Platt, currently has an average rating of “Hold” and a consensus price target of $55.33.

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In other news, insider Matthew C. Flanigan sold 19,589 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $49.58, for a total value of $971,222.62. Following the sale, the insider now directly owns 159,522 shares in the company, valued at $7,909,100.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.78% of the company’s stock.

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.

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

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