44,530 Shares in Leggett & Platt, Incorporated (NYSE:LEG) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new stake in Leggett & Platt, Incorporated (NYSE:LEG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 44,530 shares of the company’s stock, valued at approximately $1,165,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Leggett & Platt by 68.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,934,905 shares of the company’s stock valued at $50,636,000 after acquiring an additional 786,297 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Leggett & Platt by 329.6% during the third quarter. Qube Research & Technologies Ltd now owns 834,221 shares of the company’s stock worth $21,198,000 after buying an additional 640,015 shares during the period. Invesco Ltd. increased its position in shares of Leggett & Platt by 45.7% during the third quarter. Invesco Ltd. now owns 1,699,580 shares of the company’s stock worth $43,186,000 after buying an additional 532,780 shares during the period. Hsbc Holdings PLC lifted its holdings in Leggett & Platt by 675.3% in the third quarter. Hsbc Holdings PLC now owns 477,194 shares of the company’s stock valued at $12,121,000 after buying an additional 415,641 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Leggett & Platt by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,231,637 shares of the company’s stock valued at $154,888,000 after buying an additional 405,363 shares during the period. Institutional investors and hedge funds own 64.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Leggett & Platt from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, March 26th. TheStreet cut Leggett & Platt from a “c” rating to a “d+” rating in a report on Monday, March 11th. Finally, StockNews.com downgraded shares of Leggett & Platt from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.33.

Leggett & Platt Stock Down 1.3 %

Shares of LEG traded down $0.24 during trading hours on Thursday, hitting $17.96. The stock had a trading volume of 1,537,902 shares, compared to its average volume of 1,647,377. The firm has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $22.49. Leggett & Platt, Incorporated has a 1-year low of $17.19 and a 1-year high of $33.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.49 and a quick ratio of 0.84. The firm has a market capitalization of $2.40 billion, a P/E ratio of -17.96 and a beta of 1.17.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Leggett & Platt had a negative net margin of 2.90% and a positive return on equity of 11.99%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business posted $0.39 EPS. The company’s revenue was down 6.7% on a year-over-year basis. Sell-side analysts predict that Leggett & Platt, Incorporated will post 1.17 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.84 annualized dividend and a yield of 10.24%. Leggett & Platt’s payout ratio is -184.00%.

Leggett & Platt Company Profile

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.