12,843 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in Leggett & Platt, Incorporated (NYSE:LEG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,843 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bell Bank increased its position in Leggett & Platt by 5.6% in the 4th quarter. Bell Bank now owns 250,797 shares of the company’s stock valued at $6,563,000 after acquiring an additional 13,256 shares during the period. Oak Thistle LLC acquired a new position in shares of Leggett & Platt in the fourth quarter valued at approximately $783,000. Fifth Third Bancorp raised its stake in shares of Leggett & Platt by 253.3% during the fourth quarter. Fifth Third Bancorp now owns 1,007 shares of the company’s stock worth $26,000 after purchasing an additional 722 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Leggett & Platt by 14.3% during the fourth quarter. Global Retirement Partners LLC now owns 7,005 shares of the company’s stock worth $183,000 after purchasing an additional 878 shares during the period. Finally, Pacer Advisors Inc. grew its position in Leggett & Platt by 68.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,934,905 shares of the company’s stock valued at $50,636,000 after buying an additional 786,297 shares during the last quarter. 64.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LEG has been the subject of several recent analyst reports. StockNews.com cut shares of Leggett & Platt from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. TheStreet downgraded shares of Leggett & Platt from a “c” rating to a “d+” rating in a research report on Monday, March 11th. Finally, Truist Financial cut their target price on Leggett & Platt from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.33.

Leggett & Platt Stock Up 0.1 %

LEG stock opened at $17.99 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $19.16 and its 200 day moving average price is $22.46. Leggett & Platt, Incorporated has a 52 week low of $17.19 and a 52 week high of $33.50. The company has a market cap of $2.41 billion, a P/E ratio of -17.98 and a beta of 1.17.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Leggett & Platt had a positive return on equity of 11.99% and a negative net margin of 2.90%. Leggett & Platt’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, research analysts expect that Leggett & Platt, Incorporated will post 1.17 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.84 annualized dividend and a dividend yield of 10.23%. Leggett & Platt’s dividend payout ratio is presently -184.00%.

Leggett & Platt Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.