Jaffetilchin Investment Partners LLC Takes $1.05 Million Position in Leggett & Platt, Incorporated (NYSE:LEG)

Jaffetilchin Investment Partners LLC acquired a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 108,942 shares of the company's stock, valued at approximately $1,046,000. Jaffetilchin Investment Partners LLC owned about 0.08% of Leggett & Platt at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LEG. CIBC Asset Management Inc boosted its holdings in shares of Leggett & Platt by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 13,986 shares of the company's stock worth $134,000 after purchasing an additional 1,001 shares during the last quarter. Swiss National Bank raised its holdings in Leggett & Platt by 0.8% in the 4th quarter. Swiss National Bank now owns 263,900 shares of the company's stock valued at $2,533,000 after acquiring an additional 2,100 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Leggett & Platt by 555.8% during the fourth 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 last quarter. KBC Group NV grew its position in shares of Leggett & Platt by 74.5% during the fourth quarter. KBC Group NV now owns 7,028 shares of the company's stock worth $67,000 after buying an additional 3,000 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Leggett & Platt by 29.3% during the 4th quarter. Jones Financial Companies Lllp now owns 13,529 shares of the company's stock valued at $130,000 after purchasing an additional 3,069 shares during the period. Hedge funds and other institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Up 3.9 %

Shares of LEG stock traded up $0.26 during mid-day trading on Thursday, hitting $6.82. The company's stock had a trading volume of 836,211 shares, compared to its average volume of 2,487,808. 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, Incorporated has a 52 week low of $6.48 and a 52 week high of $18.49. The company's fifty day simple moving average is $8.42 and its 200-day simple moving average is $10.42. The company has a market cap of $918.75 million, a PE ratio of -1.83 and a beta of 0.98.

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 (EPS) 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities research analysts expect that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.93%. Leggett & Platt's dividend payout ratio (DPR) is presently -5.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LEG shares. Piper Sandler restated a "neutral" rating and issued a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th. Truist Financial dropped their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their target price on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th.

Leggett & Platt Company 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.