Leggett & Platt, Incorporated (NYSE:LEG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,107 shares of the company’s stock after buying an additional 15,377 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Leggett & Platt worth $928,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. PEAK6 Investments LLC acquired a new position in shares of Leggett & Platt in the 3rd quarter worth $1,067,000. Verition Fund Management LLC boosted its position in shares of Leggett & Platt by 649.6% in the 3rd quarter. Verition Fund Management LLC now owns 97,675 shares of the company’s stock valued at $1,330,000 after purchasing an additional 84,645 shares during the period. FMR LLC increased its stake in Leggett & Platt by 3,264.5% in 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Leggett & Platt by 38.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 581,665 shares of the company’s stock worth $7,922,000 after buying an additional 160,104 shares during the period. Finally, Centiva Capital LP purchased a new stake in Leggett & Platt during the third quarter valued at about $654,000. Institutional investors own 64.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on LEG shares. The Goldman Sachs Group dropped their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Piper Sandler upgraded shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $13.00 in a research report on Wednesday, October 30th. Finally, Truist Financial reduced their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Leggett & Platt Stock Performance

LEG stock opened at $10.06 on Wednesday. The firm has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $11.83. Leggett & Platt, Incorporated has a 52 week low of $9.18 and a 52 week high of $21.05. The stock has a market cap of $1.35 billion, a P/E ratio of -1.67 and a beta of 1.12. 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 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.