Public Employees Retirement System of Ohio Has $2,971,000 Position in Leggett & Platt, Incorporated (NYSE:LEG)

Public Employees Retirement System of Ohio continued to hold its position in Leggett & Platt, Incorporated (NYSE:LEG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,047 shares of the company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Leggett & Platt, were worth $2,971,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LEG. Berkshire Asset Management LLC PA increased its position in Leggett & Platt, by 1.5% in the first quarter. Berkshire Asset Management LLC PA now owns 452,456 shares of the company’s stock worth $22,768,000 after buying an additional 6,515 shares during the last quarter. Gotham Asset Management LLC increased its position in Leggett & Platt, by 270.6% in the first quarter. Gotham Asset Management LLC now owns 157,645 shares of the company’s stock worth $7,933,000 after buying an additional 115,102 shares during the last quarter. Pegasus Partners Ltd. increased its position in Leggett & Platt, by 6.7% in the fourth quarter. Pegasus Partners Ltd. now owns 44,968 shares of the company’s stock worth $2,198,000 after buying an additional 2,807 shares during the last quarter. Huntington National Bank increased its position in Leggett & Platt, by 0.8% in the first quarter. Huntington National Bank now owns 9,101 shares of the company’s stock worth $458,000 after buying an additional 69 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Leggett & Platt, by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 582,188 shares of the company’s stock worth $28,461,000 after buying an additional 14,623 shares during the last quarter. 72.10% of the stock is currently owned by institutional investors.

Leggett & Platt, Incorporated (NYSE LEG) traded down 0.02% during midday trading on Friday, reaching $46.97. 657,855 shares of the company’s stock were exchanged. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 18.64 and a beta of 0.98. The firm’s 50 day moving average is $51.34 and its 200 day moving average is $50.87. Leggett & Platt, Incorporated has a 52 week low of $44.02 and a 52 week high of $54.97.

Leggett & Platt, (NYSE:LEG) last announced its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.01. Leggett & Platt, had a net margin of 9.17% and a return on equity of 31.02%. The business had revenue of $989.30 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business earned $0.66 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts anticipate that Leggett & Platt, Incorporated will post $2.60 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.07%. Leggett & Platt,’s dividend payout ratio (DPR) is 57.14%.

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A number of equities analysts recently issued reports on LEG shares. Zacks Investment Research downgraded shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Piper Jaffray Companies started coverage on shares of Leggett & Platt, in a report on Monday, June 5th. They issued an “overweight” rating and a $59.00 price objective on the stock. Credit Suisse Group began coverage on shares of Leggett & Platt, in a report on Thursday, June 22nd. They issued a “neutral” rating and a $56.00 price objective on the stock. BidaskClub upgraded shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Gabelli began coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They set a “hold” rating and a $53.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Leggett & Platt, presently has an average rating of “Hold” and an average target price of $56.88.

In related news, insider Matthew C. Flanigan sold 19,589 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $49.58, for a total value of $971,222.62. Following the completion of the transaction, the insider now directly owns 159,522 shares of the company’s stock, valued at approximately $7,909,100.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.78% of the company’s stock.

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.

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

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