Leggett & Platt SVP Sells $34,870 in Stock (LEG)
Leggett & Platt (NYSE:LEG) SVP Scott S. Douglas unloaded 1,000 shares of Leggett & Platt stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $34.87, for a total transaction of $34,870.00. Following the completion of the sale, the senior vice president now directly owns 22,636 shares of the company’s stock, valued at approximately $789,317. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on LEG shares. Analysts at Zacks reiterated a “neutral” rating on shares of Leggett & Platt in a research note on Thursday, August 7th. They now have a $35.00 price target on the stock. Analysts at Monness Crespi & Hardt raised their price target on shares of Leggett & Platt from $35.00 to $37.00 in a research note on Monday, July 7th. They now have a “buy” rating on the stock.
Shares of Leggett & Platt (NYSE:LEG) traded down 0.59% on Monday, hitting $34.835. 306,967 shares of the company’s stock traded hands. Leggett & Platt has a 52 week low of $28.00 and a 52 week high of $35.21. The stock’s 50-day moving average is $33.62 and its 200-day moving average is $32.89. The company has a market cap of $4.781 billion and a price-to-earnings ratio of 48.53.
Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $1.00 billion for the quarter, compared to the consensus estimate of $989.92 million. During the same quarter last year, the company posted $0.44 earnings per share. Leggett & Platt’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Leggett & Platt will post $1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Leggett & Platt’s previous quarterly dividend of $0.30.
Leggett & Platt, Incorporated is an international manufacturer that conceives, designs and produces a range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft.
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