Yorktown Management & Research Co Inc Takes $2.39 Million Position in Leggett & Platt, Incorporated (LEG)

Yorktown Management & Research Co Inc bought a new position in Leggett & Platt, Incorporated (NYSE:LEG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,000 shares of the company’s stock, valued at approximately $2,387,000. Leggett & Platt, makes up approximately 0.6% of Yorktown Management & Research Co Inc’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LEG. Thrivent Financial For Lutherans lifted its stake in Leggett & Platt, by 5.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,060 shares of the company’s stock worth $254,000 after purchasing an additional 250 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Leggett & Platt, by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 587,140 shares of the company’s stock worth $29,545,000 after purchasing an additional 4,952 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Leggett & Platt, by 509.0% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 21,711 shares of the company’s stock worth $1,140,000 after purchasing an additional 18,146 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Leggett & Platt, by 6.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 33,033 shares of the company’s stock worth $1,735,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Leggett & Platt, by 42.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 16,910 shares of the company’s stock valued at $886,000 after buying an additional 5,000 shares during the period. 69.52% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on LEG. Hilliard Lyons raised shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price target on the stock in a research report on Monday, July 24th. Piper Jaffray Companies lowered shares of Leggett & Platt, from an “overweight” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research report on Monday, October 30th. BidaskClub lowered shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Sunday, August 6th. Zacks Investment Research lowered shares of Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $53.00 price target on shares of Leggett & Platt, in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $54.29.

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In related news, SVP Scott S. Douglas sold 3,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $46.45, for a total transaction of $139,350.00. Following the completion of the transaction, the senior vice president now owns 35,289 shares in the company, valued at $1,639,174.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.78% of the company’s stock.

Leggett & Platt, Incorporated (NYSE:LEG) traded down $0.11 during trading hours on Tuesday, hitting $46.34. 698,200 shares of the company’s stock traded hands, compared to its average volume of 969,254. The firm has a market capitalization of $6,122.92, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. Leggett & Platt, Incorporated has a fifty-two week low of $43.17 and a fifty-two week high of $54.97.

Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Leggett & Platt, had a net margin of 8.75% and a return on equity of 29.60%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. research analysts expect that Leggett & Platt, Incorporated will post 2.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.11%. Leggett & Platt,’s payout ratio is currently 58.78%.

About Leggett & Platt,

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.

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

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