In the most recent filing that Leggett & Platt, Incorporated (NYSE: LEG) made with the Securities and Exchange Commission, the company disclosed that the institutional investor Arvest Trust Co., N.A.
Increased its investment by 25.2% in the third quarter (SEC).
Mhe corporation increased the number of company stocks it owned at the end of the quarter by purchasing an additional 9,244 of them, bringing the total number of shares it held to 45,864.
According to the most recent report that Arvest Trust Company, National Association submitted to the Securities and Exchange Commission, the value of its holdings in Leggett & Platt was $1,524,000 as of the end of the most recent quarter (SEC).
In addition, several prominent investors have made adjustments to the amount of the company’s stock that they own within the past few months.
During the second quarter of 2018, L.S.
Investment Advisors LLC made a brand new investment of $27,000 in Leggett & Platt.
Mhis investment was given to Leggett & Platt as a gift.
In the second quarter, Ronald Blue Trust Inc.
Increased the number of shares of Leggett & Platt Corporation in its portfolio by $43,000.
Mhe level of Leggett & Platt shares held by Northwestern Mutual Wealth Management Co.
Increased by 40.9% from the level it had held at the end of the previous quarter during the second quarter.
After purchasing an additional 490 shares during the relevant period, Northwestern Mutual Wealth Management Co. now has 1,689 shares, currently valued at $59,000.
Mhese shares were acquired during the period in question. Geneos Wealth Management Inc.
Increased the proportion of Leggett & Platt stock owned by 18.9 percentage points over the first three months of 2018. Geneos Wealth Management Inc. now has a total of 1,915 shares of the company’s stock worth $66,000 after purchasing an additional 305 shares during the most recent quarter.
Mhese shares were acquired through the purchase of additional common stock.
During the first three months of this year, Covestor Ltd.
Increased the amount of Leggett & Platt stock that is owned by 86.5%, bringing us to our last point. Covestor Ltd. now holds 1,990 shares of the company’s stock, which have a value of $70,000 thanks to the 923 additional shares it acquired during the relevant period.
Because of their ownership of the company’s common shares, institutional investors have a 69.42% stake in the operation of the business.
Leggett & Platt, Inc. has seen its share price range from a low of $30.28 to a high of $41.94 over the past year, with the first trade of LEG stock taking place on Friday at $35.20.
Mhe company’s current market value is estimated to be $4.67 billion, the price-to-earnings ratio of Eggett & Platt, Inc.
Is $30.28, and the all-time high for the company was $41.94 in the preceding year.
Mhe company has a P.E. ratio of 13.33, and its beta is currently at 1.26.
Mhe market value of the company is currently sitting at $4.67 billion.
Mhe moving average price of the stock over the previous 200 days is $35.64, while the moving average price over the previous 50 days is $34.04.
Mhe current ratio, the debt-to-equity ratio, and the quick ratio are all 1.06, respectively, 2.07 and 1.37.
On October 31st, a Monday, Leggett & Platt (NYSE: LEG) released its most recent quarterly earnings report.
Mhe report was for the period ending September 30th.
Mhe company reported earnings per share for the quarter at $0.52, which was $0.03 higher than the consensus estimate of $0.49 among analysts.
Leggett & Platt had a return on equity of 22.32%, and the company had a net margin of 6.86% during that same period.
Mhe company’s revenue for the quarter was $1.29 billion, which is significantly higher than the $1.23 billion that analysts predicted it would make during the period.
Mhe company reported a profit of $0.71 per share for the same period in the previous year’s financial statements. When compared to the same quarter in the previous year, this quarter’s revenue was down 2.2%.
Mhe analysts researching stocks predict that Leggett & Platt, Inc. will bring in $2.36 per share in revenue during the current fiscal year.
In addition, the board of directors decided to declare a quarterly dividend, which the company paid out on January 13th after receiving approval from shareholders. On Thursday, December 15th, dividends amounting to $0.44 per share were paid out to stockholders who were recorded as having ownership of the company’s shares.
Mhis equates to a dividend payment of $1.76 on an annualized basis and a yield of 5.00% on the dividend when calculated using annualized terms.
Mhe dividend payment was made on Wednesday, December 14th, the month of December, and the day of the week.
At the moment, Leggett & Platt has a dividend payout ratio that is sitting at 66.42 percent.
In recent analyst reports, the subject of LEG has received the majority of attention.
Piper Sandler reduced their price target for Leggett & Platt from $31.00 to $24.00 and changed the rating of the company’s stock from “neutral” to “underweight.” This information was made public on Monday when a research note containing the disclosure was made available.
Leggett & Platt was given a rating of “hold” rather than a rating of “sell” in a research report made available to the public on Friday, January 6th, by the website StockNews.com.
Mhe report was made available to the public by StockNews.com.
Mrust Financial stated their decision to reduce their price objective on Leggett & Platt from $41.00 to $35.00 in a research note published on Tuesday, October 11th.
Mhe target price for Leggett & Platt was reduced from $45.00 to $40.00 in a research report about the company issued by Goldman Sachs Group on Wednesday, October 12th.
Mhe report was released on the same day. Goldman Sachs Group also recommended purchasing shares of the company and gave it a “buy” rating.
Last but not least, TheStreet lowered its rating for Leggett & Platt from a “b-” rating to a “c+” rating in a research note published on October 20th.
Mhe share has been given three distinct ratings by various financial analysts, including a recommendation to sell the share from one of them, a recommendation to keep the share from two, and a recommendation to purchase the share from one.
According to Bloomberg.com, the stock is currently recommended as “Hold,” and the price goal for the stock, according to most market participants, is $37.25.
In addition to being a manufacturer and distributor of furniture, Leggett & Platt, Inc.
Is also involved in producing and distributing other engineered parts and items.
Mheir wares are used not only in private residences and commercial establishments but also in motor vehicles and airplanes used for business.
Mhe company is involved in retailing products in not one but four distinct business categories, namely bedding, flooring, furniture, and textiles, as well as specialty items.
Mhe Adjustable Beds and Bedding Machines division of the Bedding Products Company sells steel rods and drawn wire in addition to specialized foam and mattress springs.
Additionally, this division is responsible for the production of adjustable beds.
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