Aperio Group LLC increased its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 7.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 36,781 shares of the company’s stock after buying an additional 2,561 shares during the period. Aperio Group LLC’s holdings in Leggett & Platt, were worth $1,932,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Leggett & Platt, by 7.4% in the first quarter. Van ECK Associates Corp now owns 2,122 shares of the company’s stock valued at $107,000 after buying an additional 147 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Leggett & Platt, by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 2,328 shares of the company’s stock valued at $117,000 after buying an additional 1,096 shares during the last quarter. Pinnacle Bank bought a new position in shares of Leggett & Platt, during the first quarter valued at approximately $122,000. Oppenheimer Asset Management Inc. bought a new position in shares of Leggett & Platt, during the first quarter valued at approximately $126,000. Finally, Exane Derivatives boosted its position in shares of Leggett & Platt, by 132,500.0% in the second quarter. Exane Derivatives now owns 2,652 shares of the company’s stock valued at $139,000 after buying an additional 2,650 shares during the last quarter. 72.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Leggett & Platt, Incorporated (NYSE:LEG) traded down 0.17% during midday trading on Wednesday, hitting $47.81. 246,068 shares of the company’s stock traded hands. The company has a 50 day moving average price of $51.94 and a 200 day moving average price of $50.86. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 18.97 and a beta of 0.98. Leggett & Platt, Incorporated has a 1-year low of $44.02 and a 1-year 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 for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.01. Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. The company had revenue of $989.30 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Equities analysts anticipate that Leggett & Platt, Incorporated will post $2.60 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 14th. Leggett & Platt,’s dividend payout ratio is presently 57.14%.

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Several brokerages have recently commented on LEG. BidaskClub cut shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price objective on shares of Leggett & Platt, in a research note on Friday, July 14th. Gabelli started coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They set a “hold” rating and a $53.00 price objective on the stock. Finally, Hilliard Lyons upgraded shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price objective on the stock in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Leggett & Platt, has a consensus rating of “Hold” and a consensus target price of $56.88.

In related news, insider Matthew C. Flanigan sold 19,589 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $49.58, for a total transaction of $971,222.62. Following the completion of the sale, the insider now directly owns 159,522 shares of the company’s stock, valued at $7,909,100.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.78% of the company’s stock.

About Leggett & Platt,

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

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