69,959 Shares in Leggett & Platt, Incorporated $LEG Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 69,959 shares of the company’s stock, valued at approximately $621,000. Quantbot Technologies LP owned 0.05% of Leggett & Platt as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LEG. Vanguard Group Inc. boosted its holdings in Leggett & Platt by 9.1% during the third quarter. Vanguard Group Inc. now owns 18,707,102 shares of the company’s stock worth $166,119,000 after buying an additional 1,557,459 shares in the last quarter. Marshall Wace LLP grew its position in Leggett & Platt by 35.8% in the second quarter. Marshall Wace LLP now owns 3,380,980 shares of the company’s stock worth $30,158,000 after acquiring an additional 890,577 shares in the last quarter. Geode Capital Management LLC increased its position in Leggett & Platt by 47.8% during the second quarter. Geode Capital Management LLC now owns 3,175,556 shares of the company’s stock worth $28,330,000 after buying an additional 1,026,608 shares during the last quarter. Norges Bank acquired a new position in Leggett & Platt during the second quarter valued at approximately $10,706,000. Finally, Jane Street Group LLC grew its position in shares of Leggett & Platt by 36.3% in the first quarter. Jane Street Group LLC now owns 1,175,452 shares of the company’s stock valued at $9,298,000 after purchasing an additional 312,840 shares during the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Price Performance

NYSE:LEG opened at $10.64 on Monday. The firm has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $10.47. The stock has a market capitalization of $1.45 billion, a PE ratio of 6.30 and a beta of 0.71. The company has a current ratio of 2.25, a quick ratio of 1.45 and a debt-to-equity ratio of 1.46. Leggett & Platt, Incorporated has a 1-year low of $6.47 and a 1-year high of $13.00.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $938.60 million for the quarter, compared to analyst estimates of $938.74 million. Leggett & Platt had a return on equity of 15.00% and a net margin of 5.80%.The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, research analysts expect that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 13th will be paid a $0.05 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Leggett & Platt’s dividend payout ratio is 11.83%.

Analyst Ratings Changes

LEG has been the topic of several research reports. Piper Sandler boosted their price target on Leggett & Platt from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Zacks Research lowered shares of Leggett & Platt from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Wall Street Zen cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Leggett & Platt in a research report on Monday, December 29th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.67.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.