2 weeks Ago By Defense World Staff
Prudential Financial Inc. trimmed its position in Leggett & Platt, Incorporated ( NYSE:LEG – Free Report ) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 134,710 shares of the company’s stock after selling 17,850 shares during the quarter. Prudential Financial Inc. owned 0.
10% of Leggett & Platt worth $1,293,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in Leggett & Platt in the 3rd quarter valued at $15,735,000.
Vanguard Group Inc. boosted its position in shares of Leggett & Platt by 4.9% during the 4th quarter.
Vanguard Group Inc. now owns 15,478,476 shares of the company’s stock valued at $148,593,000 after acquiring an additional 722,024 shares in the last quarter. FMR LLC increased its stake in Leggett & Platt by 3,264.
5% in the third quarter. FMR LLC now owns 692,884 shares of the company’s stock valued at $9,437,000 after acquiring an additional 672,290 shares during the period. Connor Clark & Lunn Investment Management Ltd.
raised its position in Leggett & Platt by 79.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 540,503 shares of the company’s stock worth $5,189,000 after purchasing an additional 240,108 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Leggett & Platt by 4.
7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company’s stock worth $45,610,000 after purchasing an additional 214,571 shares during the period.
64.23% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on LEG shares.
The Goldman Sachs Group dropped their target price on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th.
Truist Financial dropped their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th.
Leggett & Platt Stock Performance NYSE:LEG opened at $7.16 on Friday. The stock has a market capitalization of $964.
02 million, a P/E ratio of -1.92 and a beta of 0.98.
The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.
70. Leggett & Platt, Incorporated has a 1 year low of $6.68 and a 1 year high of $19.
33. The firm has a 50 day moving average of $9.12 and a 200-day moving average of $10.
83. Leggett & Platt ( NYSE:LEG – Get Free Report ) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.
21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $1.
06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Leggett & Platt had a positive return on equity of 17.
09% and a negative net margin of 11.67%. As a group, sell-side analysts anticipate that Leggett & Platt, Incorporated will post 1.
14 EPS for the current fiscal year. Leggett & Platt Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.
05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.
80%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt’s dividend payout ratio is currently -5.
36%. Leggett & Platt Company Profile ( Free Report ) Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.
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