Leggett & Platt, Inc. (LEG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in Leggett & Platt, Inc. (NYSE:LEG) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 377,342 shares of the company’s stock after selling 1,240 shares during the quarter. California Public Employees Retirement System owned about 0.29% of Leggett & Platt worth $18,011,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Leggett & Platt by 10.3% during the second quarter. Russell Investments Group Ltd. now owns 50,574 shares of the company’s stock valued at $2,658,000 after acquiring an additional 4,716 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Leggett & Platt by 6.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 820,051 shares of the company’s stock valued at $43,078,000 after acquiring an additional 51,765 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Leggett & Platt by 19.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 13,655 shares of the company’s stock valued at $746,000 after acquiring an additional 2,232 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Leggett & Platt by 198.2% during the second quarter. Advisors Asset Management Inc. now owns 14,367 shares of the company’s stock valued at $755,000 after acquiring an additional 9,549 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Leggett & Platt by 33.1% during the second quarter. State of Wisconsin Investment Board now owns 121,673 shares of the company’s stock valued at $6,391,000 after acquiring an additional 30,250 shares in the last quarter. Institutional investors and hedge funds own 68.47% of the company’s stock.

Several equities research analysts have recently commented on LEG shares. SunTrust Banks restated a “buy” rating and set a $53.00 price objective on shares of Leggett & Platt in a report on Friday, October 27th. BidaskClub downgraded Leggett & Platt from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Piper Jaffray Companies set a $49.00 price objective on Leggett & Platt and gave the company a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded Leggett & Platt from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Leggett & Platt in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.29.

Leggett & Platt, Inc. (LEG) opened at $47.06 on Friday. The stock has a market capitalization of $6,246.83, a P/E ratio of 19.21, a P/E/G ratio of 1.98 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, Inc. 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Leggett & Platt had a return on equity of 29.60% and a net margin of 8.75%. Leggett & Platt’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. research analysts forecast that Leggett & Platt, Inc. 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 given 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 3.06%. Leggett & Platt’s payout ratio is 58.78%.

In related news, SVP Scott S. Douglas sold 3,000 shares of Leggett & Platt stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $46.45, for a total transaction of $139,350.00. Following the transaction, the senior vice president now owns 35,289 shares of the company’s stock, valued at $1,639,174.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.78% of the stock is owned by insiders.

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Leggett & Platt 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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