Oregon Public Employees Retirement Fund Purchases 588 Shares of Leggett & Platt, Incorporated (NYSE:LEG)

Oregon Public Employees Retirement Fund grew its position in shares of Leggett & Platt, Incorporated (NYSE:LEGGet Rating) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,713 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Leggett & Platt were worth $1,286,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Cibc World Market Inc. increased its position in Leggett & Platt by 3.7% during the 2nd quarter. Cibc World Market Inc. now owns 8,304 shares of the company’s stock valued at $287,000 after buying an additional 299 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Leggett & Platt by 18.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,915 shares of the company’s stock valued at $66,000 after buying an additional 305 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Leggett & Platt by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 56,604 shares of the company’s stock valued at $1,957,000 after buying an additional 312 shares in the last quarter. Archford Capital Strategies LLC increased its position in Leggett & Platt by 3.0% during the 3rd quarter. Archford Capital Strategies LLC now owns 11,016 shares of the company’s stock valued at $366,000 after buying an additional 324 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Leggett & Platt by 5.8% during the 2nd quarter. Avantax Advisory Services Inc. now owns 6,534 shares of the company’s stock valued at $226,000 after buying an additional 357 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.

Leggett & Platt Trading Up 1.7 %

LEG opened at $34.03 on Monday. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 12.84 and a beta of 1.26. The stock’s 50 day moving average price is $34.05 and its 200-day moving average price is $35.66. Leggett & Platt, Incorporated has a one year low of $30.28 and a one year high of $41.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.06 and a current ratio of 2.07.

Leggett & Platt (NYSE:LEGGet Rating) last released its earnings results on Monday, October 31st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Leggett & Platt had a return on equity of 22.32% and a net margin of 6.86%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that Leggett & Platt, Incorporated will post 2.36 EPS for the current year.

Leggett & Platt Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Thursday, December 15th were issued a $0.44 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.17%. Leggett & Platt’s payout ratio is 66.42%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LEG. Piper Sandler downgraded Leggett & Platt from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $31.00 to $24.00 in a research note on Monday, December 12th. TheStreet downgraded Leggett & Platt from a “b-” rating to a “c+” rating in a research report on Thursday, October 20th. StockNews.com raised Leggett & Platt from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Truist Financial reduced their price objective on Leggett & Platt from $41.00 to $35.00 in a research note on Tuesday, October 11th. Finally, The Goldman Sachs Group reduced their price objective on Leggett & Platt from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Leggett & Platt presently has an average rating of “Hold” and an average price target of $37.25.

Leggett & Platt Company Profile

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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, Flooring, Furniture & Textile, and Specialized Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire.

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Institutional Ownership by Quarter for Leggett & Platt (NYSE:LEG)

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