14,658 Shares in Leggett & Platt, Incorporated (LEG) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new stake in Leggett & Platt, Incorporated (NYSE:LEG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,658 shares of the company’s stock, valued at approximately $700,000.

A number of other large investors have also recently modified their holdings of LEG. Lord Abbett & CO. LLC acquired a new stake in Leggett & Platt, in the second quarter valued at approximately $22,404,000. Janus Henderson Group PLC raised its holdings in Leggett & Platt, by 1,257.3% in the second quarter. Janus Henderson Group PLC now owns 195,679 shares of the company’s stock valued at $10,279,000 after acquiring an additional 181,262 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in Leggett & Platt, by 575.8% in the second quarter. Balyasny Asset Management LLC now owns 148,021 shares of the company’s stock valued at $7,776,000 after acquiring an additional 126,119 shares in the last quarter. United Asset Strategies Inc. acquired a new stake in Leggett & Platt, during the second quarter worth approximately $4,699,000. Finally, BlackRock Inc. raised its holdings in Leggett & Platt, by 0.6% during the second quarter. BlackRock Inc. now owns 12,019,449 shares of the company’s stock worth $631,381,000 after purchasing an additional 76,484 shares in the last quarter. 70.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Leggett & Platt, Incorporated (NYSE:LEG) opened at $45.57 on Wednesday. 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 1-year low of $43.17 and a 1-year high of $54.97. The firm has a market cap of $6,038.56, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03.

Leggett & Platt, (NYSE:LEG) last announced its earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. sell-side analysts expect that Leggett & Platt, Incorporated will post 2.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.36 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.16%. Leggett & Platt,’s payout ratio is 58.78%.

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A number of analysts have weighed in on LEG shares. BidaskClub cut shares of Leggett & Platt, from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and set a $53.00 price objective on shares of Leggett & Platt, in a report on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating and set a $49.00 price objective on shares of Leggett & Platt, in a report on Friday, September 8th. Hilliard Lyons raised shares of Leggett & Platt, from a “neutral” rating to a “long-term buy” rating and set a $66.00 price objective on the stock in a report on Monday, July 24th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Leggett & Platt, in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Leggett & Platt, has a consensus rating of “Buy” and an average price target of $54.29.

Leggett & Platt, Company Profile

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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