Stephens Inc. AR boosted its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,659 shares of the company’s stock after purchasing an additional 1,655 shares during the period. Stephens Inc. AR’s holdings in Leggett & Platt, were worth $1,033,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Gotham Asset Management LLC lifted its stake 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 purchasing an additional 115,102 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in Leggett & Platt, by 33.1% in the second quarter. State of Wisconsin Investment Board now owns 121,673 shares of the company’s stock worth $6,391,000 after purchasing an additional 30,250 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its stake in Leggett & Platt, by 19.0% in the first quarter. Morgan Dempsey Capital Management LLC now owns 72,526 shares of the company’s stock worth $3,649,000 after purchasing an additional 11,569 shares during the last quarter. Ronna Sue Cohen lifted its stake in Leggett & Platt, by 0.6% in the second quarter. Ronna Sue Cohen now owns 8,220 shares of the company’s stock worth $432,000 after purchasing an additional 47 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Leggett & Platt, by 13.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 285,588 shares of the company’s stock worth $15,002,000 after purchasing an additional 33,106 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt, Incorporated (NYSE LEG) opened at 45.85 on Friday. Leggett & Platt, Incorporated has a 52-week low of $43.17 and a 52-week high of $54.97. The firm has a 50 day moving average of $46.55 and a 200-day moving average of $50.42. The stock has a market cap of $6.07 billion, a PE ratio of 18.19 and a beta of 1.00.

Leggett & Platt, (NYSE:LEG) last released its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $989.30 million during the quarter, compared to the consensus estimate of $1 billion. Leggett & Platt, had a return on equity of 31.02% and a net margin of 9.17%. Leggett & Platt,’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Equities analysts anticipate that Leggett & Platt, Incorporated will post $2.45 earnings per share for the current fiscal year.

The company 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 annualized dividend and a dividend yield of 3.14%. Leggett & Platt,’s dividend payout ratio (DPR) is presently 57.14%.

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In other news, insider Matthew C. Flanigan sold 19,589 shares of the firm’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 owns 159,522 shares in the company, valued at approximately $7,909,100.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.78% of the stock is currently owned by company insiders.

LEG has been the subject of several recent research reports. Piper Jaffray Companies set a $59.00 price target on shares of Leggett & Platt, and gave the stock a “buy” rating in a research note on Monday, August 14th. BidaskClub raised shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Gabelli initiated coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price target for the company. Zacks Investment Research raised shares of Leggett & Platt, from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Leggett & Platt, in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Leggett & Platt, currently has a consensus rating of “Hold” and an average target price of $55.63.

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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