Pacer Advisors Inc. Purchases 902 Shares of Leggett & Platt, Inc. (NYSE:LEG)

Share on StockTwits

Pacer Advisors Inc. raised its position in shares of Leggett & Platt, Inc. (NYSE:LEG) by 7.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,326 shares of the company’s stock after purchasing an additional 902 shares during the quarter. Pacer Advisors Inc.’s holdings in Leggett & Platt were worth $473,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. grew its stake in shares of Leggett & Platt by 8.2% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 3,302,997 shares of the company’s stock worth $126,736,000 after acquiring an additional 251,426 shares during the period. Geode Capital Management LLC grew its stake in shares of Leggett & Platt by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,109,433 shares of the company’s stock worth $75,497,000 after acquiring an additional 141,394 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Leggett & Platt by 3.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,299,014 shares of the company’s stock worth $49,844,000 after acquiring an additional 48,508 shares during the period. Villere ST Denis J & Co. LLC grew its stake in shares of Leggett & Platt by 0.7% in the second quarter. Villere ST Denis J & Co. LLC now owns 1,243,203 shares of the company’s stock worth $47,701,000 after acquiring an additional 8,407 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Leggett & Platt by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,189,463 shares of the company’s stock worth $42,631,000 after acquiring an additional 26,326 shares during the period. Institutional investors and hedge funds own 78.00% of the company’s stock.

Shares of LEG stock traded down $0.25 during trading hours on Monday, reaching $41.88. The company had a trading volume of 217,849 shares, compared to its average volume of 972,246. The business has a fifty day moving average price of $38.57 and a 200-day moving average price of $39.93. Leggett & Platt, Inc. has a one year low of $33.48 and a one year high of $46.57. The firm has a market cap of $5.55 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.32 and a beta of 1.08. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.16 and a current ratio of 1.89.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. Leggett & Platt had a net margin of 6.44% and a return on equity of 27.47%. During the same period in the previous year, the business posted $0.63 earnings per share. Equities research analysts forecast that Leggett & Platt, Inc. will post 2.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.60 annualized dividend and a yield of 3.82%. Leggett & Platt’s dividend payout ratio (DPR) is 64.52%.

A number of analysts have recently commented on LEG shares. TheStreet lowered shares of Leggett & Platt from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. ValuEngine upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Raymond James lowered shares of Leggett & Platt from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.00.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.

Read More: Understanding the Price to Earnings Ratio (PE)

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, Inc. (NYSE:LEG).

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

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



Latest News

Brokerages Set Wendys Co  Target Price at $21.60
Brokerages Set Wendys Co Target Price at $21.60
Eli Lilly And Co  to Issue Quarterly Dividend of $0.65 on  December 10th
Eli Lilly And Co to Issue Quarterly Dividend of $0.65 on December 10th
EnLink Midstream LLC  to Issue Quarterly Dividend of $0.28 on  November 13th
EnLink Midstream LLC to Issue Quarterly Dividend of $0.28 on November 13th
Balfour Beatty plc  to Issue GBX 2.10 Dividend
Balfour Beatty plc to Issue GBX 2.10 Dividend
Bank of America  Stock Rating Upgraded by Atlantic Securities
Bank of America Stock Rating Upgraded by Atlantic Securities
Great Panther Mining  Lowered to Strong Sell at Zacks Investment Research
Great Panther Mining Lowered to Strong Sell at Zacks Investment Research


© 2006-2019 Ticker Report