17,157 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Leggett & Platt, Incorporated (NYSE:LEG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 17,157 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently made changes to their positions in LEG. Wellington Management Group LLP acquired a new position in shares of Leggett & Platt in the 3rd quarter worth approximately $15,735,000. State Street Corp lifted its holdings in Leggett & Platt by 0.6% in the third quarter. State Street Corp now owns 4,437,066 shares of the company’s stock valued at $60,657,000 after buying an additional 27,693 shares during the period. Stifel Financial Corp boosted its position in Leggett & Platt by 3.9% during the third quarter. Stifel Financial Corp now owns 84,996 shares of the company’s stock valued at $1,158,000 after acquiring an additional 3,202 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Leggett & Platt by 68.4% in the 3rd quarter. Quantinno Capital Management LP now owns 105,754 shares of the company’s stock worth $1,440,000 after acquiring an additional 42,939 shares in the last quarter. Finally, RBF Capital LLC raised its position in shares of Leggett & Platt by 100.0% in the 3rd quarter. RBF Capital LLC now owns 60,000 shares of the company’s stock worth $752,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Analyst Ratings Changes

LEG has been the subject of several recent analyst reports. Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $13.00 in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Leggett & Platt has an average rating of “Hold” and a consensus price target of $12.67.

Leggett & Platt Stock Down 3.1 %

LEG stock opened at $9.82 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.84 and a current ratio of 1.48. Leggett & Platt, Incorporated has a fifty-two week low of $9.64 and a fifty-two week high of $27.01. The stock’s 50 day simple moving average is $12.17 and its 200 day simple moving average is $12.29. The company has a market cap of $1.32 billion, a P/E ratio of -1.63 and a beta of 1.07.

Leggett & Platt (NYSE:LEG) last issued its earnings results on Monday, October 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. Leggett & Platt’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, research analysts expect that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, December 13th. Leggett & Platt’s payout ratio is presently -3.33%.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.