Leggett & Platt, Incorporated (NYSE:LEG) SVP Scott S. Douglas sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $46.45, for a total value of $139,350.00. Following the completion of the sale, the senior vice president now directly owns 35,289 shares in the company, valued at $1,639,174.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Leggett & Platt, Incorporated (NYSE LEG) traded up $0.46 during trading hours on Monday, hitting $46.45. The company had a trading volume of 689,500 shares, compared to its average volume of 970,469. The stock has a market cap of $6,122.92, a P/E ratio of 19.35, a P/E/G ratio of 1.94 and a beta of 1.03. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. Leggett & Platt, Incorporated has a 1-year low of $43.17 and a 1-year high of $54.97.

Leggett & Platt, (NYSE:LEG) last announced its earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Leggett & Platt, had a return on equity of 29.60% and a net margin of 8.75%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. equities research analysts expect that Leggett & Platt, Incorporated will post 2.48 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.10%. Leggett & Platt,’s payout ratio is currently 58.78%.

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Hedge funds have recently bought and sold shares of the business. Ronna Sue Cohen increased its holdings in Leggett & Platt, by 12.7% during the 3rd quarter. Ronna Sue Cohen now owns 9,268 shares of the company’s stock worth $442,000 after purchasing an additional 1,048 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Leggett & Platt, by 33.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 121,673 shares of the company’s stock worth $6,391,000 after purchasing an additional 30,250 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Leggett & Platt, by 51.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 139,883 shares of the company’s stock worth $7,350,000 after purchasing an additional 47,247 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Leggett & Platt, by 13.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 285,588 shares of the company’s stock worth $15,002,000 after purchasing an additional 33,106 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Leggett & Platt, by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 173,461 shares of the company’s stock worth $9,112,000 after purchasing an additional 23,089 shares during the last quarter. Institutional investors own 69.52% of the company’s stock.

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

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.

Insider Buying and Selling by Quarter for Leggett & Platt, (NYSE:LEG)

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