The OLD Republic International Corp Continues to Hold Position in Leggett & Platt, Incorporated (LEG), Report finds

The OLD Republic International Corp Continues to Hold Position in Leggett & Platt, Incorporated (LEG), Report finds

Several other hedge funds also recently bought and sold shares of LEG. Public Employees Retirement Association of Colorado raised its stake in Leggett & Platt, by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,273 shares of the company’s stock worth $195,000 after buying an additional 18 shares in the last quarter. Ronna Sue Cohen raised its stake in Leggett & Platt, by 0.5% in the third quarter. Ronna Sue Cohen now owns 8,070 shares of the company’s stock worth $368,000 after buying an additional 44 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Leggett & Platt, by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,055 shares of the company’s stock worth $513,000 after buying an additional 78 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Leggett & Platt, by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 23,110 shares of the company’s stock worth $1,053,000 after buying an additional 80 shares in the last quarter. Finally, Woodstock Corp raised its stake in Leggett & Platt, by 0.6% in the third quarter. Woodstock Corp now owns 15,500 shares of the company’s stock worth $706,000 after buying an additional 100 shares in the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.

OLD Republic International Corp held its stake in Leggett & Platt, Incorporated (NYSE:LEG) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 581,500 shares of the company’s stock at the end of the third quarter. OLD Republic International Corp’s holdings in Leggett & Platt, were worth $17,018,000 as of its most recent filing with the SEC.

Leggett & Platt, Incorporated (NYSE:LEG) opened at 48.92 on Monday. Leggett & Platt, Incorporated has a 52 week low of $41.33 and a 52 week high of $54.62. The company’s 50 day moving average is $48.34 and its 200-day moving average is $48.89. The firm has a market cap of $6.53 billion, a P/E ratio of 17.75 and a beta of 1.02.

Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings data on Monday, January 30th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The firm had revenue of $903.70 million for the quarter, compared to the consensus estimate of $921.94 million. Leggett & Platt, had a return on equity of 32.02% and a net margin of 10.29%. Leggett & Platt,’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Equities analysts expect that Leggett & Platt, Incorporated will post $2.63 earnings per share for the current year.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Leggett & Platt, from a “hold” rating to a “sell” rating in a research report on Monday, January 2nd. Raymond James Financial, Inc. upgraded shares of Leggett & Platt, from a “market perform” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research note on Wednesday, February 1st. CJS Securities upgraded shares of Leggett & Platt, to a “market perform” rating and set a $55.00 target price for the company in a research note on Tuesday, November 1st. Finally, Hilliard Lyons downgraded shares of Leggett & Platt, from a “buy” rating to a “neutral” rating in a research note on Friday, October 28th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.00.

In related news, SVP David M. Desonier sold 6,490 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $48.68, for a total transaction of $315,933.20. Following the completion of the transaction, the senior vice president now directly owns 74,693 shares in the company, valued at approximately $3,636,055.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karl G. Glassman sold 79,772 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $48.74, for a total transaction of $3,888,087.28. Following the transaction, the insider now owns 416,860 shares of the company’s stock, valued at $20,317,756.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,150 shares of company stock valued at $8,234,161. 3.92% of the stock is owned by insiders.

Leggett & Platt, Company Profile

Leggett & Platt, Incorporated is a manufacturer of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Residential Furnishings segment manufactures steel coiled bedsprings.

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