16,454 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Leggett & Platt, Incorporated (NYSE:LEG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,454 shares of the company’s stock, valued at approximately $158,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in Leggett & Platt by 5.3% during the third quarter. Janney Montgomery Scott LLC now owns 87,882 shares of the company’s stock worth $1,197,000 after purchasing an additional 4,442 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Leggett & Platt during the third quarter worth approximately $2,089,000. GSA Capital Partners LLP acquired a new position in Leggett & Platt during the third quarter worth approximately $456,000. Aigen Investment Management LP acquired a new position in Leggett & Platt during the third quarter worth approximately $284,000. Finally, Quest Partners LLC increased its position in Leggett & Platt by 4,511,800.0% during the third quarter. Quest Partners LLC now owns 45,119 shares of the company’s stock worth $615,000 after purchasing an additional 45,118 shares during the last quarter. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt Stock Down 0.5 %

Shares of NYSE:LEG opened at $8.15 on Thursday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -2.18 and a beta of 1.11. Leggett & Platt, Incorporated has a 1-year low of $7.95 and a 1-year high of $19.63. The company’s fifty day moving average is $9.90 and its two-hundred day moving average is $11.37. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00.

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

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt’s dividend payout ratio (DPR) is presently -5.36%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LEG shares. Truist Financial decreased 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 note on Wednesday, January 29th. The Goldman Sachs Group cut their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

About Leggett & Platt

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.