Charles Schwab Investment Management Inc. Buys 214,571 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Charles Schwab Investment Management Inc. lifted its position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,751,066 shares of the company's stock after acquiring an additional 214,571 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.54% of Leggett & Platt worth $45,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Leggett & Platt during the 3rd quarter worth approximately $29,000. SRS Capital Advisors Inc. increased its position 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 purchasing an additional 2,629 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Leggett & Platt during the 3rd quarter worth approximately $37,000. Brooklyn Investment Group acquired a new position in Leggett & Platt during the 3rd quarter worth approximately $44,000. Finally, SBI Securities Co. Ltd. acquired a new position in Leggett & Platt during the 4th quarter worth approximately $50,000. Institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Up 0.3 %

NYSE LEG traded up $0.03 on Tuesday, hitting $8.10. The company's stock had a trading volume of 2,053,586 shares, compared to its average volume of 2,213,305. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70. Leggett & Platt, Incorporated has a 1-year low of $7.92 and a 1-year high of $19.33. The company's 50-day moving average is $9.79 and its 200 day moving average is $11.23. The firm has a market cap of $1.09 billion, a PE ratio of -2.17 and a beta of 1.11.

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Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. As a group, analysts predict that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, March 14th. Leggett & Platt's dividend payout ratio (DPR) is presently -5.36%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LEG. The Goldman Sachs Group decreased their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial decreased their price target 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.

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.