FDx Advisors Inc. boosted its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,109 shares of the company’s stock after acquiring an additional 2,414 shares during the period. FDx Advisors Inc.’s holdings in Leggett & Platt, were worth $1,055,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in LEG. Becker Capital Management Inc. bought a new stake in Leggett & Platt, in the third quarter worth about $21,057,000. Lord Abbett & CO. LLC bought a new stake in Leggett & Platt, in the second quarter worth about $22,404,000. Janus Henderson Group PLC raised its position in Leggett & Platt, by 1,257.3% in the second quarter. Janus Henderson Group PLC now owns 195,679 shares of the company’s stock worth $10,279,000 after acquiring an additional 181,262 shares during the period. Balyasny Asset Management LLC raised its position in Leggett & Platt, by 575.8% in the second quarter. Balyasny Asset Management LLC now owns 148,021 shares of the company’s stock worth $7,776,000 after acquiring an additional 126,119 shares during the period. Finally, United Asset Strategies Inc. bought a new stake in Leggett & Platt, in the second quarter worth about $4,699,000. 70.22% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “FDx Advisors Inc. Increases Holdings in Leggett & Platt, Incorporated (LEG)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/11/16/fdx-advisors-inc-increases-holdings-in-leggett-platt-incorporated-leg.html.

Leggett & Platt, Incorporated (NYSE:LEG) opened at $45.38 on Thursday. The firm has a market cap of $6,006.92, a PE ratio of 18.99, a PEG ratio of 1.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 1.11. Leggett & Platt, Incorporated has a 12 month low of $43.17 and a 12 month high of $54.97.

Leggett & Platt, (NYSE:LEG) last posted its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Leggett & Platt, had a net margin of 8.75% and a return on equity of 29.60%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. equities research analysts expect 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. Stockholders of record on Friday, December 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.17%. Leggett & Platt,’s payout ratio is 58.78%.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Leggett & Platt, from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies lowered shares of Leggett & Platt, from an “overweight” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research report on Monday, October 30th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Leggett & Platt, in a research report on Thursday, September 7th. Hilliard Lyons raised shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price objective on the stock in a research report on Monday, July 24th. Finally, BidaskClub lowered shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Leggett & Platt, presently has a consensus rating of “Buy” and a consensus price target of $54.29.

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.

Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Incorporated (NYSE:LEG).

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

Receive News & Stock Ratings for Leggett & Platt Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt Incorporated and related stocks with our FREE daily email newsletter.