Quantbot Technologies LP Buys New Shares in Leggett & Platt, Incorporated (NYSE:LEG)

Quantbot Technologies LP bought a new stake in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 151,544 shares of the company's stock, valued at approximately $1,455,000. Quantbot Technologies LP owned about 0.11% of Leggett & Platt at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LEG. Magnetar Financial LLC acquired a new stake in Leggett & Platt during the fourth quarter worth approximately $164,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Leggett & Platt during the fourth quarter worth about $666,000. Swiss National Bank increased its position in shares of Leggett & Platt by 0.8% during the fourth quarter. Swiss National Bank now owns 263,900 shares of the company's stock worth $2,533,000 after purchasing an additional 2,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Leggett & Platt by 79.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 540,503 shares of the company's stock valued at $5,189,000 after purchasing an additional 240,108 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Leggett & Platt in the 4th quarter valued at about $97,000. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LEG. The Goldman Sachs Group lowered their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Truist Financial lowered their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th.

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Leggett & Platt Price Performance

NYSE:LEG traded down $0.22 during trading hours on Friday, hitting $7.98. The company's stock had a trading volume of 3,528,981 shares, compared to its average volume of 2,428,979. The company has a market capitalization of $1.07 billion, a PE ratio of -2.14 and a beta of 1.11. Leggett & Platt, Incorporated has a 52-week low of $7.92 and a 52-week high of $19.33. The business's 50-day moving average is $9.43 and its two-hundred day moving average is $11.00. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, research analysts anticipate that Leggett & Platt, Incorporated will post 1.14 EPS for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 2.51%. The ex-dividend date of this dividend is Friday, March 14th. Leggett & Platt's payout ratio is currently -5.36%.

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.