Leggett & Platt, Inc. (LEG) CFO Matthew C. Flanigan Sells 10,061 Shares

Leggett & Platt, Inc. (NYSE:LEG) CFO Matthew C. Flanigan sold 10,061 shares of Leggett & Platt stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $45.78, for a total transaction of $460,592.58. Following the sale, the chief financial officer now owns 102,615 shares of the company’s stock, valued at approximately $4,697,714.70. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Leggett & Platt, Inc. (LEG) traded up $0.88 during trading on Monday, hitting $45.16. 451,254 shares of the stock were exchanged, compared to its average volume of 1,421,833. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.23 and a current ratio of 1.84. Leggett & Platt, Inc. has a 52-week low of $42.00 and a 52-week high of $54.97. The stock has a market cap of $5,840.53, a P/E ratio of 20.79, a P/E/G ratio of 1.43 and a beta of 0.92.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). Leggett & Platt had a return on equity of 29.44% and a net margin of 7.42%. The firm had revenue of $984.00 million during the quarter, compared to analysts’ expectations of $998.32 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts expect that Leggett & Platt, Inc. will post 2.76 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Gabelli upgraded shares of Leggett & Platt from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Leggett & Platt from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, January 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $48.00 price objective on shares of Leggett & Platt in a report on Tuesday, January 23rd. Finally, SunTrust Banks restated a “buy” rating and issued a $53.00 price target on shares of Leggett & Platt in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.57.

Institutional investors have recently modified their holdings of the company. Ronna Sue Cohen grew its position in shares of Leggett & Platt by 12.7% in the 3rd quarter. Ronna Sue Cohen now owns 9,268 shares of the company’s stock worth $442,000 after buying an additional 1,048 shares during the last quarter. Ameriprise Financial Inc. grew its position in Leggett & Platt by 51.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 139,883 shares of the company’s stock worth $7,350,000 after purchasing an additional 47,247 shares during the last quarter. Iberiabank Corp grew its position in Leggett & Platt by 8.1% during the 3rd quarter. Iberiabank Corp now owns 41,978 shares of the company’s stock worth $2,004,000 after purchasing an additional 3,140 shares during the last quarter. Advisor Group Inc. grew its position in Leggett & Platt by 62.7% during the 3rd quarter. Advisor Group Inc. now owns 36,971 shares of the company’s stock worth $1,765,000 after purchasing an additional 14,254 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Leggett & Platt by 7.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 148,609 shares of the company’s stock worth $7,085,000 after purchasing an additional 10,715 shares during the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

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Leggett & Platt Company Profile

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.

Insider Buying and Selling by Quarter for Leggett & Platt (NYSE:LEG)

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