Leggett & Platt, Incorporated (LEG) Position Boosted by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC raised its position in Leggett & Platt, Incorporated (NYSE:LEG) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,070 shares of the company’s stock after buying an additional 203 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Leggett & Platt, were worth $739,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LEG. Berkshire Asset Management LLC PA raised its stake in Leggett & Platt, by 1.5% in the first quarter. Berkshire Asset Management LLC PA now owns 452,456 shares of the company’s stock worth $22,768,000 after buying an additional 6,515 shares during the last quarter. Gotham Asset Management LLC raised its stake in Leggett & Platt, by 270.6% in the first quarter. Gotham Asset Management LLC now owns 157,645 shares of the company’s stock worth $7,933,000 after buying an additional 115,102 shares during the last quarter. Huntington National Bank raised its stake in Leggett & Platt, by 0.8% in the first quarter. Huntington National Bank now owns 9,101 shares of the company’s stock worth $458,000 after buying an additional 69 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Leggett & Platt, by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,565 shares of the company’s stock worth $168,000 after buying an additional 174 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Leggett & Platt, by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 338,172 shares of the company’s stock worth $16,530,000 after buying an additional 19,947 shares during the last quarter. Institutional investors own 72.06% of the company’s stock.

Shares of Leggett & Platt, Incorporated (LEG) traded down 0.24% during midday trading on Friday, hitting $46.42. The company had a trading volume of 709,191 shares. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 18.42 and a beta of 0.98. The stock’s 50-day moving average price is $50.39 and its 200-day moving average price is $50.83. Leggett & Platt, Incorporated has a 12 month low of $44.02 and a 12 month high of $54.97.

Leggett & Platt, (NYSE:LEG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $989.30 million during the quarter, compared to analyst estimates of $1 billion. Leggett & Platt, had a net margin of 9.17% and a return on equity of 31.02%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. On average, equities research analysts forecast that Leggett & Platt, Incorporated will post $2.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.10%. Leggett & Platt,’s dividend payout ratio (DPR) is 57.14%.

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LEG has been the topic of a number of recent research reports. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Leggett & Platt, in a research note on Friday, July 14th. BidaskClub upgraded shares of Leggett & Platt, from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Leggett & Platt, from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Gabelli began coverage on shares of Leggett & Platt, in a research note on Wednesday, June 21st. They issued a “hold” rating and a $53.00 price target on the stock. Finally, Hilliard Lyons upgraded 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 note on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.88.

In other news, insider Matthew C. Flanigan sold 19,589 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $49.58, for a total transaction of $971,222.62. Following the sale, the insider now directly owns 159,522 shares of the company’s stock, valued at $7,909,100.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.78% of the company’s stock.

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.

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

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