Quest Partners LLC Has $615,000 Stock Holdings in Leggett & Platt, Incorporated (NYSE:LEG)

Quest Partners LLC boosted its position in Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 4,511,800.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,119 shares of the company's stock after acquiring an additional 45,118 shares during the quarter. Quest Partners LLC's holdings in Leggett & Platt were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LEG. Pacer Advisors Inc. increased its stake in shares of Leggett & Platt by 426.2% in the 2nd quarter. Pacer Advisors Inc. now owns 14,042,134 shares of the company's stock valued at $160,923,000 after purchasing an additional 11,373,507 shares during the last quarter. AQR Capital Management LLC boosted its stake in Leggett & Platt by 1,098.0% in the second quarter. AQR Capital Management LLC now owns 2,005,408 shares of the company's stock valued at $22,160,000 after buying an additional 1,838,009 shares in the last quarter. Public Sector Pension Investment Board bought a new position in Leggett & Platt in the second quarter valued at about $3,380,000. Invenomic Capital Management LP acquired a new position in Leggett & Platt during the first quarter worth about $4,203,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Leggett & Platt by 1,109.0% in the second quarter. Quantbot Technologies LP now owns 238,515 shares of the company's stock worth $2,733,000 after acquiring an additional 218,786 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Leggett & Platt Trading Up 2.2 %

LEG traded up $0.25 during trading on Friday, reaching $11.66. 1,745,694 shares of the company's stock were exchanged, compared to its average volume of 1,777,193. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. Leggett & Platt, Incorporated has a one year low of $10.11 and a one year high of $27.58. The firm has a fifty day moving average price of $12.67 and a two-hundred day moving average price of $12.27. The stock has a market capitalization of $1.57 billion, a PE ratio of -1.94 and a beta of 1.07.

Leggett & Platt (NYSE:LEG - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, December 13th. Leggett & Platt's dividend payout ratio is currently -3.33%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LEG. Truist Financial upped their price objective on shares of Leggett & Platt from $11.00 to $13.00 and gave the stock a "hold" rating in a research report on Monday, August 5th. Piper Sandler upgraded Leggett & Platt from an "underweight" rating to a "neutral" rating and increased their price target for the company from $11.00 to $13.00 in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Leggett & Platt from a "sell" rating to a "hold" rating in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.67.

About Leggett & Platt

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.