Archford Capital Strategies LLC raised its holdings in shares of Leggett & Platt, Inc. (NYSE:LEG) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,708 shares of the company’s stock after acquiring an additional 1,137 shares during the quarter. Archford Capital Strategies LLC’s holdings in Leggett & Platt were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Moors & Cabot Inc. boosted its stake in shares of Leggett & Platt by 25.9% during the 3rd quarter. Moors & Cabot Inc. now owns 7,300 shares of the company’s stock worth $349,000 after purchasing an additional 1,500 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Leggett & Platt during the 3rd quarter worth about $387,000. Janney Montgomery Scott LLC boosted its stake in shares of Leggett & Platt by 57.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,712 shares of the company’s stock worth $893,000 after purchasing an additional 6,798 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Leggett & Platt during the 3rd quarter worth about $1,385,000. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Leggett & Platt by 1.2% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 115,376 shares of the company’s stock worth $5,507,000 after purchasing an additional 1,393 shares during the last quarter. Hedge funds and other institutional investors own 68.67% of the company’s stock.

In related news, SVP Scott S. Douglas sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $46.45, for a total value of $139,350.00. Following the sale, the senior vice president now directly owns 35,289 shares of the company’s stock, valued at $1,639,174.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.78% of the stock is currently owned by company insiders.

Leggett & Platt, Inc. (NYSE:LEG) traded down $0.05 on Thursday, hitting $46.28. 890,400 shares of the company traded hands, compared to its average volume of 961,416. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 1.11. Leggett & Platt, Inc. has a twelve month low of $43.17 and a twelve month high of $54.97. The firm has a market capitalization of $6,107.10, a PE ratio of 19.30, a PEG ratio of 1.93 and a beta of 1.03.

Leggett & Platt (NYSE:LEG) last released 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 business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. research analysts expect that Leggett & Platt, Inc. will post 2.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.11%. Leggett & Platt’s dividend payout ratio is presently 58.78%.

Several equities research analysts have issued reports on LEG shares. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price target on shares of Leggett & Platt in a research note on Friday, October 27th. BidaskClub cut shares of Leggett & Platt from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Piper Jaffray Companies set a $49.00 price target on shares of Leggett & Platt and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of Leggett & Platt from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Leggett & Platt in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.29.

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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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