Smith Moore & CO. boosted its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,067 shares of the company’s stock after acquiring an additional 1,567 shares during the quarter. Smith Moore & CO.’s holdings in Leggett & Platt, were worth $433,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Leggett & Platt, by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,407 shares of the company’s stock valued at $127,000 after acquiring an additional 153 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Leggett & Platt, during the first quarter valued at approximately $126,000. Exane Derivatives raised its position in Leggett & Platt, by 132,500.0% during the second quarter. Exane Derivatives now owns 2,652 shares of the company’s stock valued at $139,000 after acquiring an additional 2,650 shares in the last quarter. Investment Management of Virginia LLC purchased a new position in Leggett & Platt, during the second quarter valued at approximately $206,000. Finally, Profund Advisors LLC purchased a new position in Leggett & Platt, during the second quarter valued at approximately $217,000. Institutional investors own 68.98% of the company’s stock.

Several research analysts recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price target on shares of Leggett & Platt, in a research report on Friday, July 14th. 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 report on Monday, July 24th. Zacks Investment Research upgraded Leggett & Platt, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub cut Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $53.00 price objective on shares of Leggett & Platt, in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Leggett & Platt, presently has a consensus rating of “Buy” and a consensus price target of $54.29.

Leggett & Platt, Incorporated (LEG) traded down $0.27 during trading on Wednesday, hitting $45.67. The stock had a trading volume of 141,009 shares, compared to its average volume of 1,196,941. Leggett & Platt, Incorporated has a 1-year low of $43.17 and a 1-year high of $54.97. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 1.11. The stock has a market capitalization of $6,044.35, a PE ratio of 19.11, a PEG ratio of 1.91 and a beta of 1.03.

Leggett & Platt, (NYSE:LEG) last issued its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Leggett & Platt, had a return on equity of 29.60% and a net margin of 8.75%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. Leggett & Platt,’s revenue was up 6.4% on a year-over-year basis. equities analysts forecast that Leggett & Platt, Incorporated will post 2.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, December 14th. Leggett & Platt,’s dividend payout ratio (DPR) is 58.78%.

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Leggett & Platt, Company 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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