Leggett & Platt, Incorporated $LEG Stock Holdings Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) by 22.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,023,884 shares of the company’s stock after buying an additional 559,868 shares during the quarter. Quantinno Capital Management LP’s holdings in Leggett & Platt were worth $29,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Motiv8 Investments LLC acquired a new position in Leggett & Platt in the 4th quarter valued at approximately $34,000. Palisade Asset Management LLC acquired a new stake in shares of Leggett & Platt during the 3rd quarter valued at $29,000. Hantz Financial Services Inc. grew its holdings in shares of Leggett & Platt by 32.0% during the 4th quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock valued at $36,000 after acquiring an additional 783 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Leggett & Platt during the 3rd quarter valued at $51,000. Finally, Kingdom Financial Group LLC. purchased a new position in shares of Leggett & Platt during the 4th quarter valued at $66,000. 64.23% of the stock is owned by hedge funds and other institutional investors.

Leggett & Platt Stock Performance

LEG stock opened at $9.80 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 6.09 and a beta of 0.71. Leggett & Platt, Incorporated has a 12 month low of $7.86 and a 12 month high of $13.00. The firm has a 50 day moving average of $10.78 and a two-hundred day moving average of $10.95.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The business had revenue of $918.20 million for the quarter, compared to analyst estimates of $946.79 million. Leggett & Platt had a return on equity of 12.62% and a net margin of 5.69%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. As a group, equities analysts anticipate that Leggett & Platt, Incorporated will post 0.9 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Leggett & Platt’s dividend payout ratio (DPR) is 12.42%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LEG shares. Weiss Ratings lowered Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Zacks Research raised Leggett & Platt from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Truist Financial dropped their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Leggett & Platt currently has a consensus rating of “Hold” and an average target price of $11.33.

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.