D.A. Davidson & CO. Has $3.04 Million Stock Holdings in Leggett & Platt, Inc. (NYSE:LEG)

D.A. Davidson & CO. lifted its stake in Leggett & Platt, Inc. (NYSE:LEG) by 27.0% during the third quarter, HoldingsChannel reports. The fund owned 74,317 shares of the company’s stock after purchasing an additional 15,815 shares during the quarter. D.A. Davidson & CO.’s holdings in Leggett & Platt were worth $3,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC boosted its holdings in Leggett & Platt by 25.1% in the second quarter. Advisory Services Network LLC now owns 1,248 shares of the company’s stock worth $48,000 after purchasing an additional 250 shares in the last quarter. Woodstock Corp boosted its holdings in Leggett & Platt by 2.3% in the second quarter. Woodstock Corp now owns 13,200 shares of the company’s stock worth $506,000 after purchasing an additional 300 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in Leggett & Platt by 3.7% in the third quarter. Eqis Capital Management Inc. now owns 9,116 shares of the company’s stock worth $373,000 after purchasing an additional 326 shares in the last quarter. Bbva USA Bancshares Inc. boosted its holdings in Leggett & Platt by 5.1% in the second quarter. Bbva USA Bancshares Inc. now owns 6,842 shares of the company’s stock worth $262,000 after purchasing an additional 335 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in Leggett & Platt by 5.1% in the second quarter. Lido Advisors LLC now owns 6,916 shares of the company’s stock worth $268,000 after purchasing an additional 335 shares in the last quarter. 78.25% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on LEG. ValuEngine upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. SunTrust Banks cut shares of Leggett & Platt from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James cut shares of Leggett & Platt from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Finally, TheStreet upgraded shares of Leggett & Platt from a “c+” rating to a “b-” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Leggett & Platt has an average rating of “Hold”.

LEG stock opened at $53.21 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.74 and a quick ratio of 1.05. Leggett & Platt, Inc. has a 52-week low of $33.48 and a 52-week high of $55.42. The company has a 50-day moving average of $45.39 and a two-hundred day moving average of $40.33. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 21.63 and a beta of 1.12.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings results on Monday, October 28th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. Leggett & Platt had a net margin of 6.45% and a return on equity of 28.04%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts expect that Leggett & Platt, Inc. will post 2.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Thursday, December 12th. Leggett & Platt’s dividend payout ratio (DPR) is 64.52%.

In other news, Director Joseph W. Mcclanathan sold 4,399 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $54.79, for a total transaction of $241,021.21. Following the completion of the transaction, the director now owns 25,455 shares of the company’s stock, valued at $1,394,679.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Russell J. Iorio sold 26,475 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $51.86, for a total transaction of $1,372,993.50. Following the transaction, the senior vice president now directly owns 81,667 shares of the company’s stock, valued at approximately $4,235,250.62. The disclosure for this sale can be found here. Insiders have sold 86,027 shares of company stock valued at $4,421,734 over the last 90 days. Corporate insiders own 1.45% of the company’s stock.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components.

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Institutional Ownership by Quarter for Leggett & Platt (NYSE:LEG)

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