OLD Dominion Capital Management Inc. boosted its position in Leggett & Platt, Incorporated (NYSE:LEG) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,088 shares of the company’s stock after buying an additional 166 shares during the period. OLD Dominion Capital Management Inc.’s holdings in Leggett & Platt, were worth $582,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised 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 worth $107,000 after buying an additional 147 shares during the period. TrimTabs Asset Management LLC raised 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 worth $117,000 after buying an additional 1,096 shares during the period. Pinnacle Bank purchased a new position in shares of Leggett & Platt, during the first quarter worth about $122,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Leggett & Platt, during the first quarter worth about $126,000. Finally, Exane Derivatives raised 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 worth $139,000 after buying an additional 2,650 shares during the period. Institutional investors own 72.10% of the company’s stock.

Leggett & Platt, Incorporated (LEG) opened at 46.98 on Friday. Leggett & Platt, Incorporated has a 1-year low of $44.02 and a 1-year high of $54.97. The stock has a market cap 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 price is $51.34 and its 200-day moving average price is $50.87.

Leggett & Platt, (NYSE:LEG) last announced its earnings results on Thursday, July 27th. The company reported $0.64 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 during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company posted $0.66 earnings per share. Leggett & Platt,’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 issued a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.07%. Leggett & Platt,’s payout ratio is 57.14%.

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A number of brokerages recently issued reports on LEG. BidaskClub lowered Leggett & Platt, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies restated a “buy” rating and issued a $59.00 target price on shares of Leggett & Platt, in a research note on Friday, July 14th. Gabelli began coverage on Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 target price for the company. Finally, Hilliard Lyons upgraded Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 target price for the company in a research note on Monday, July 24th. Two investment 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 company. The company currently has an average rating of “Hold” and a consensus target price of $56.88.

In other news, insider Matthew C. Flanigan sold 19,589 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $49.58, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.78% of the stock is currently owned by corporate insiders.

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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