Quantinno Capital Management LP Has $1.75 Million Stock Position in Leggett & Platt, Incorporated (NYSE:LEG)

Quantinno Capital Management LP lifted its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,960 shares of the company's stock after acquiring an additional 76,206 shares during the quarter. Quantinno Capital Management LP owned about 0.14% of Leggett & Platt worth $1,747,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Leggett & Platt by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company's stock valued at $148,593,000 after acquiring an additional 722,024 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Leggett & Platt in the 4th quarter worth approximately $5,858,000. Invenomic Capital Management LP raised its holdings in shares of Leggett & Platt by 64.6% in the 4th quarter. Invenomic Capital Management LP now owns 1,517,156 shares of the company's stock worth $14,565,000 after buying an additional 595,684 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of Leggett & Platt by 89.0% in the 4th quarter. Trexquant Investment LP now owns 1,177,891 shares of the company's stock worth $11,308,000 after buying an additional 554,814 shares in the last quarter. Finally, RBF Capital LLC raised its holdings in shares of Leggett & Platt by 566.7% in the 4th quarter. RBF Capital LLC now owns 400,000 shares of the company's stock worth $3,896,000 after buying an additional 340,000 shares in the last quarter. Institutional investors own 64.23% of the company's stock.

Leggett & Platt Trading Down 1.7%

Shares of NYSE LEG traded down $0.15 during midday trading on Friday, hitting $8.73. The stock had a trading volume of 1,441,690 shares, compared to its average volume of 2,471,958. The company's 50-day simple moving average is $8.17 and its 200 day simple moving average is $9.63. The firm has a market cap of $1.18 billion, a P/E ratio of -2.34 and a beta of 0.75. Leggett & Platt, Incorporated has a fifty-two week low of $6.48 and a fifty-two week high of $14.24. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14.

Leggett & Platt (NYSE:LEG - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.23 EPS. The firm's revenue was down 6.8% on a year-over-year basis. Research analysts anticipate that Leggett & Platt, Incorporated will post 1.14 EPS for the current year.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 2.29%. Leggett & Platt's dividend payout ratio is presently -5.35%.

Wall Street Analyst Weigh In

LEG has been the subject of a number of recent research reports. Piper Sandler reissued 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. The Goldman Sachs Group raised their price target on Leggett & Platt from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Truist Financial dropped their price target on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, January 29th.

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.