Leggett & Platt, Incorporated (NYSE:LEG) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Leggett & Platt, Incorporated (NYSE:LEG) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,227 shares of the company’s stock after selling 14,232 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Leggett & Platt were worth $588,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LEG. Intech Investment Management LLC acquired a new position in shares of Leggett & Platt during the third quarter worth about $302,000. Cerity Partners LLC increased its position in Leggett & Platt by 158.2% during the 3rd quarter. Cerity Partners LLC now owns 83,402 shares of the company’s stock worth $1,136,000 after purchasing an additional 51,106 shares during the period. FMR LLC increased its position in Leggett & Platt by 3,264.5% during the 3rd quarter. FMR LLC now owns 692,884 shares of the company’s stock worth $9,437,000 after purchasing an additional 672,290 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Leggett & Platt by 34.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,949 shares of the company’s stock worth $217,000 after buying an additional 4,074 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in shares of Leggett & Platt in the 3rd quarter valued at approximately $1,067,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on LEG shares. Truist Financial cut their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th.

Leggett & Platt Trading Down 0.8 %

Shares of LEG opened at $7.84 on Wednesday. Leggett & Platt, Incorporated has a 1-year low of $7.74 and a 1-year high of $19.33. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $10.93. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -2.10 and a beta of 1.11.

Leggett & Platt (NYSE:LEG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equities analysts forecast that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Friday, March 14th. Leggett & Platt’s dividend payout ratio (DPR) is -5.36%.

Leggett & Platt Company Profile

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.