2 weeks Ago By ABMN Staff
Prudential Financial Inc. lessened its holdings in shares of Leggett & Platt, Incorporated ( NYSE:LEG – Free Report ) by 11.7% in the fourth quarter, Holdings Channel.
com reports. The fund owned 134,710 shares of the company’s stock after selling 17,850 shares during the quarter. Prudential Financial Inc.
’s holdings in Leggett & Platt were worth $1,293,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Leggett & Platt in the 4th quarter worth $666,000.
Amundi lifted its stake in Leggett & Platt by 90.3% in the fourth quarter. Amundi now owns 82,890 shares of the company’s stock valued at $814,000 after buying an additional 39,324 shares during the period.
AXQ Capital LP bought a new position in Leggett & Platt during the fourth quarter worth about $771,000. Verition Fund Management LLC grew its position in shares of Leggett & Platt by 649.6% during the 3rd quarter.
Verition Fund Management LLC now owns 97,675 shares of the company’s stock worth $1,330,000 after buying an additional 84,645 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Leggett & Platt by 4.
7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,751,066 shares of the company’s stock valued at $45,610,000 after acquiring an additional 214,571 shares during the last quarter.
Institutional investors own 64.23% of the company’s stock. Leggett & Platt Price Performance Shares of LEG opened at $7.
16 on Friday. The stock has a 50 day simple moving average of $9.12 and a 200 day simple moving average of $10.
83. Leggett & Platt, Incorporated has a 52-week low of $6.68 and a 52-week high of $19.
33. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.
14 and a current ratio of 2.00. The firm has a market capitalization of $964.
02 million, a PE ratio of -1.92 and a beta of 0.98.
Leggett & Platt Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $0.05 dividend.
This represents a $0.20 annualized dividend and a dividend yield of 2.80%.
The ex-dividend date is Friday, March 14th. Leggett & Platt’s dividend payout ratio is -5.36%.
Analyst Upgrades and Downgrades LEG has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of Leggett & Platt from $13.00 to $11.
00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group reduced their price target on shares of Leggett & Platt from $14.00 to $12.
00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Check Out Our Latest Report on LEG 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.
Featured Stories Want to see what other hedge funds are holding LEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leggett & Platt, Incorporated ( NYSE:LEG – Free Report ). Receive News & Ratings for Leggett & Platt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leggett & Platt and related companies with MarketBeat.
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