Keybank National Association OH lessened its holdings in Leggett & Platt, Inc. (NYSE:LEG) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,369 shares of the company’s stock after selling 1,256 shares during the period. Keybank National Association OH’s holdings in Leggett & Platt were worth $352,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of LEG. Dupont Capital Management Corp acquired a new stake in shares of Leggett & Platt in the 4th quarter worth about $122,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Leggett & Platt in the 4th quarter worth about $193,000. Engineers Gate Manager LP acquired a new stake in shares of Leggett & Platt in the 3rd quarter worth about $217,000. TRUE Private Wealth Advisors purchased a new stake in Leggett & Platt in the 4th quarter valued at about $217,000. Finally, Telemus Capital LLC purchased a new stake in Leggett & Platt in the 4th quarter valued at about $230,000. Institutional investors own 69.17% of the company’s stock.
In other news, Director Robert Ted Enloe III sold 5,871 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $45.15, for a total transaction of $265,075.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew C. Flanigan sold 10,061 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $45.78, for a total transaction of $460,592.58. Following the transaction, the chief financial officer now directly owns 102,615 shares of the company’s stock, valued at $4,697,714.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,182 shares of company stock valued at $1,660,188. Company insiders own 1.78% of the company’s stock.
Shares of Leggett & Platt, Inc. (NYSE LEG) opened at $44.32 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.81 and a quick ratio of 1.22. The company has a market cap of $5,920.40, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. Leggett & Platt, Inc. has a one year low of $42.00 and a one year high of $54.97.
Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $984.00 million during the quarter, compared to analysts’ expectations of $998.32 million. Leggett & Platt had a net margin of 7.42% and a return on equity of 29.44%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. equities research analysts forecast that Leggett & Platt, Inc. will post 2.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 15th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.44 annualized dividend and a yield of 3.25%. Leggett & Platt’s dividend payout ratio (DPR) is 67.61%.
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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