Swiss National Bank Has $2.53 Million Stock Position in Leggett & Platt, Incorporated (NYSE:LEG)

Swiss National Bank boosted its stake in Leggett & Platt, Incorporated (NYSE:LEG) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,900 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Swiss National Bank owned 0.20% of Leggett & Platt worth $2,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in shares of Leggett & Platt by 7.7% in the 4th quarter. CIBC Asset Management Inc now owns 13,986 shares of the company’s stock valued at $134,000 after purchasing an additional 1,001 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Leggett & Platt during the third quarter valued at $29,000. SRS Capital Advisors Inc. grew its holdings in Leggett & Platt by 555.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company’s stock worth $30,000 after acquiring an additional 2,629 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Leggett & Platt in the 3rd quarter worth about $37,000. Finally, KBC Group NV lifted its stake in shares of Leggett & Platt by 74.5% in the 4th quarter. KBC Group NV now owns 7,028 shares of the company’s stock valued at $67,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 64.23% of the company’s stock.

Analysts Set New Price Targets

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

Leggett & Platt Price Performance

LEG stock opened at $8.18 on Friday. 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 company’s 50-day moving average is $9.48 and its 200-day moving average is $11.03. The stock has a market capitalization of $1.10 billion, a PE ratio of -2.19 and a beta of 1.11. Leggett & Platt, Incorporated has a 1 year low of $7.92 and a 1 year high of $19.33.

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

Leggett & Platt Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 2.45%. Leggett & Platt’s dividend payout ratio (DPR) is presently -5.36%.

Leggett & Platt 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.