Leggett & Platt, Incorporated (NYSE:LEG) Shares Purchased by Amundi

Amundi increased its position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 90.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,890 shares of the company's stock after acquiring an additional 39,324 shares during the period. Amundi owned about 0.06% of Leggett & Platt worth $814,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LEG. GSA Capital Partners LLP purchased a new stake in Leggett & Platt during the 3rd quarter worth about $456,000. Quest Partners LLC increased its holdings in Leggett & Platt by 4,511,800.0% during the 3rd 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 period. Moors & Cabot Inc. purchased a new stake in Leggett & Platt during the 3rd quarter worth about $210,000. Intech Investment Management LLC purchased a new stake in Leggett & Platt during the 3rd quarter worth about $302,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Leggett & Platt during the 3rd quarter worth about $369,000. Hedge funds and other institutional investors own 64.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial cut their price target on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price objective on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th.

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Leggett & Platt Stock Down 1.0 %

Shares of LEG traded down $0.09 during mid-day trading on Friday, reaching $8.22. The company's stock had a trading volume of 21,124,416 shares, compared to its average volume of 2,276,104. Leggett & Platt, Incorporated has a 12-month low of $7.92 and a 12-month high of $19.33. The stock has a market cap of $1.11 billion, a PE ratio of -2.20 and a beta of 1.11. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14. The company's 50 day moving average is $9.66 and its 200 day moving average is $11.12.

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

Leggett & Platt Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.43%. Leggett & Platt's dividend payout ratio (DPR) is presently -5.36%.

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.