Leggett & Platt Inc. (NYSE:LEG)’s share price dropped 0.8% on Monday . The stock traded as low as $52.45 and last traded at $52.46, with a volume of 245,486 shares trading hands. The stock had previously closed at $52.86.

LEG has been the topic of several recent research reports. Hilliard Lyons cut shares of Leggett & Platt from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Citigroup Inc. cut shares of Leggett & Platt to a “market perform” rating in a research report on Monday, August 1st. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Leggett & Platt in a research report on Monday, August 1st. Finally, Zacks Investment Research cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th.

The stock has a market cap of $6.91 billion and a PE ratio of 18.91. The company has a 50-day moving average of $52.29 and a 200-day moving average of $48.71.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. During the same period last year, the company posted $0.53 earnings per share. The firm had revenue of $958.90 million for the quarter, compared to the consensus estimate of $1,000 million. The business’s revenue was down 3.9% on a year-over-year basis. Equities analysts forecast that Leggett & Platt Inc. will post $2.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.62%.

In related news, CEO Karl G. Glassman sold 22,580 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $50.07, for a total transaction of $1,130,580.60. Following the transaction, the chief executive officer now owns 475,937 shares in the company, valued at $23,830,165.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Ted Enloe III sold 4,103 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $49.00, for a total transaction of $201,047.00. Following the transaction, the director now owns 37,398 shares in the company, valued at approximately $1,832,502. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its position in shares of Leggett & Platt by 28.3% in the fourth quarter. Suntrust Banks Inc. now owns 38,976 shares of the company’s stock valued at $1,636,000 after buying an additional 8,588 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Leggett & Platt by 81.7% in the fourth quarter. Schroder Investment Management Group now owns 632,773 shares of the company’s stock valued at $26,589,000 after buying an additional 284,427 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Leggett & Platt by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 794,903 shares of the company’s stock valued at $33,402,000 after buying an additional 18,563 shares in the last quarter.

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Residential Furnishings segment manufactures steel coiled bedsprings.

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