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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SRS Capital Advisors Inc. increased its holdings in Leggett & Platt by 555.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,102 shares of the company's stock worth $30,000 after buying an additional 2,629 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Leggett & Platt in the 4th quarter valued at about $50,000. KBC Group NV increased its stake in shares of Leggett & Platt by 74.5% during the 4th quarter. KBC Group NV now owns 7,028 shares of the company's stock worth $67,000 after purchasing an additional 3,000 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Leggett & Platt by 17.1% in the 4th quarter. Sterling Capital Management LLC now owns 7,972 shares of the company's stock valued at $77,000 after purchasing an additional 1,163 shares during the period. Finally, Blue Trust Inc. lifted its stake in Leggett & Platt by 461.6% in the 4th quarter. Blue Trust Inc. now owns 9,688 shares of the company's stock valued at $93,000 after purchasing an additional 7,963 shares during the last quarter. Institutional investors own 64.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LEG shares. The Goldman Sachs Group boosted their price target on Leggett & Platt from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Truist Financial dropped their price target on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Finally, 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 report on Friday, April 11th.

Leggett & Platt Stock Performance

Shares of LEG traded up $0.23 during midday trading on Tuesday, reaching $8.94. 220,632 shares of the stock were exchanged, compared to its average volume of 2,463,114. The stock's 50 day simple moving average is $8.17 and its 200 day simple moving average is $9.59. The company has a market cap of $1.21 billion, a P/E ratio of -2.40 and a beta of 0.75. Leggett & Platt, Incorporated has a twelve month low of $6.48 and a twelve month high of $14.24. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70.

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

Leggett & Platt Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, June 13th. Leggett & Platt's dividend payout ratio is currently -5.35%.

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.