Leggett & Platt, Incorporated (NYSE:LEG) Shares Sold by Kinloch Capital LLC

Kinloch Capital LLC lessened its position in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,653 shares of the company's stock after selling 29,852 shares during the period. Kinloch Capital LLC owned approximately 0.06% of Leggett & Platt worth $726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Leggett & Platt by 13.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 440,909 shares of the company's stock valued at $4,233,000 after buying an additional 51,841 shares during the period. Squarepoint Ops LLC grew its position in Leggett & Platt by 49.6% in the fourth quarter. Squarepoint Ops LLC now owns 345,589 shares of the company's stock valued at $3,318,000 after acquiring an additional 114,536 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Leggett & Platt by 82.1% during the fourth quarter. Two Sigma Advisers LP now owns 630,100 shares of the company's stock valued at $6,049,000 after purchasing an additional 284,100 shares during the period. Two Sigma Investments LP raised its stake in shares of Leggett & Platt by 45.1% during the fourth quarter. Two Sigma Investments LP now owns 874,668 shares of the company's stock valued at $8,397,000 after purchasing an additional 271,917 shares during the period. Finally, Seven Six Capital Management LLC acquired a new position in shares of Leggett & Platt during the fourth quarter worth $5,627,000. Institutional investors and hedge funds own 64.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LEG shares. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. Truist Financial lowered their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th.

Leggett & Platt Stock Performance

Shares of LEG stock opened at $9.23 on Tuesday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.47 and a beta of 0.75. Leggett & Platt, Incorporated has a one year low of $6.48 and a one year high of $14.24. The company's 50-day simple moving average is $8.10 and its 200-day simple moving average is $9.71. 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 issued its earnings results on Monday, April 28th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The business's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Equities analysts anticipate that Leggett & Platt, Incorporated will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, June 13th. Leggett & Platt's dividend payout ratio (DPR) is presently -5.35%.

Leggett & Platt 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.

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