Advisor Group Inc. lifted its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 62.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,971 shares of the company’s stock after purchasing an additional 14,254 shares during the period. Advisor Group Inc.’s holdings in Leggett & Platt, were worth $1,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Leggett & Platt, by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,407 shares of the company’s stock worth $127,000 after purchasing an additional 153 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Leggett & Platt, by 25.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,137 shares of the company’s stock worth $165,000 after purchasing an additional 634 shares during the last quarter. Investment Management of Virginia LLC bought a new position in shares of Leggett & Platt, in the second quarter worth about $206,000. Profund Advisors LLC bought a new position in shares of Leggett & Platt, in the second quarter worth about $217,000. Finally, Sigma Planning Corp grew its holdings in shares of Leggett & Platt, by 4.2% in the second quarter. Sigma Planning Corp now owns 4,277 shares of the company’s stock worth $225,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 70.22% of the company’s stock.

A number of research analysts have recently commented on the stock. Piper Jaffray Companies set a $59.00 price target on shares of Leggett & Platt, and gave the stock a “buy” rating in a report on Monday, August 14th. Hilliard Lyons upgraded shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price target on the stock in a report on Monday, July 24th. BidaskClub cut shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, SunTrust Banks, Inc. upgraded shares of Leggett & Platt, from a “hold” rating to a “buy” rating and upped their price target for the stock from $50.00 to $53.00 in a report on Friday, September 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.29.

Leggett & Platt, Incorporated (LEG) opened at $46.45 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. Leggett & Platt, Incorporated has a 1-year low of $43.17 and a 1-year high of $54.97. The stock has a market cap of $6,180.00, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03.

Leggett & Platt, (NYSE:LEG) last issued its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Leggett & Platt, had a net margin of 8.75% and a return on equity of 29.60%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. equities analysts anticipate that Leggett & Platt, Incorporated will post 2.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, December 14th. Leggett & Platt,’s payout ratio is 58.30%.

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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.

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

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