Amalgamated Bank increased its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,645 shares of the company’s stock after acquiring an additional 5,168 shares during the period. Amalgamated Bank’s holdings in Leggett & Platt, were worth $1,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Leggett & Platt, by 0.6% in the 2nd quarter. BlackRock Inc. now owns 12,019,449 shares of the company’s stock worth $631,381,000 after acquiring an additional 76,484 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Leggett & Platt, by 12.9% in the 2nd quarter. KCM Investment Advisors LLC now owns 13,308 shares of the company’s stock worth $699,000 after acquiring an additional 1,520 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of Leggett & Platt, in the 2nd quarter worth about $293,000. Ameriprise Financial Inc. raised its holdings in shares of Leggett & Platt, by 51.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 139,883 shares of the company’s stock worth $7,350,000 after acquiring an additional 47,247 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Leggett & Platt, by 2.0% in the 2nd quarter. Teachers Advisors LLC now owns 328,597 shares of the company’s stock worth $17,261,000 after acquiring an additional 6,536 shares during the last quarter. Institutional investors own 68.86% of the company’s stock.

Shares of Leggett & Platt, Incorporated (LEG) opened at 46.76 on Friday. The firm has a 50-day moving average of $46.36 and a 200 day moving average of $50.37. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 18.56 and a beta of 1.00. Leggett & Platt, Incorporated has a 1-year low of $43.17 and a 1-year high of $54.97.

Leggett & Platt, (NYSE:LEG) last issued its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the 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%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. Equities research analysts forecast that Leggett & Platt, Incorporated will post $2.43 earnings per share for the current 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 paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.08%. Leggett & Platt,’s dividend payout ratio is presently 57.14%.

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A number of research firms recently weighed in on LEG. Piper Jaffray Companies restated a “buy” rating and issued a $59.00 target price on shares of Leggett & Platt, in a report on Friday, July 14th. Gabelli began coverage on shares of Leggett & Platt, in a report on Wednesday, June 21st. They issued a “hold” rating and a $53.00 target price on the stock. BidaskClub upgraded shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Credit Suisse Group began coverage on shares of Leggett & Platt, in a report on Thursday, June 22nd. They issued a “neutral” rating and a $56.00 target price 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 target price on the stock in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.63.

In other news, insider Matthew C. Flanigan sold 19,589 shares of the company’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 value of $971,222.62. Following the transaction, the insider now owns 159,522 shares in the company, valued at $7,909,100.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.78% of the company’s stock.

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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