Moreover, Suntrust Banks has 0.02% invested in Leggett & Platt, Inc.
More important recent Leggett & Platt, Inc.
Other equities research analysts also recently issued reports about the company. Northwestern Mutual Wealth Management Co. increased its stake in Leggett & Platt, by 6.8% in the 2nd quarter. (NYSE:LEG). Northwestern Mutual Wealth owns 2,407 shares. OppenheimerFunds Inc. raised its holdings in Leggett & Platt, by 6.9% in the 1st quarter. Exane Derivatives raised its stake in shares of Leggett & Platt, by 132,500.0% in the second quarter. Exane Derivatives now owns 2,652 shares of the company's stock valued at $139,000 after buying an additional 2,650 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Leggett & Platt, by 123.8% in the first quarter. Following the transaction, the senior vice president now owns 38,363 shares of the company's stock, valued at $1,992,957.85. Finally, Thrivent Financial For Lutherans raised its holdings in Leggett & Platt, by 5.2% in the 1st quarter.
In other Leggett & Platt news, SVP Scott S. Douglas sold 2,000 shares of Leggett & Platt stock in a transaction that occurred on Wednesday, August 24th. Gabelli initiated the stock with "Hold" rating in Wednesday, June 21 report.
Leggett & Platt, Incorporated (NYSE:LEG) has a beta of 1.05, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole.
Leggett & Platt, Incorporated on 9/29/2017 reported its EPS as $0.53 with the analysts projecting the EPS of the stock as $0.58. Stifel Nicolaus restated a "hold" rating on shares of Leggett & Platt, in a research report on Thursday, September 7th. The average investment rating for LEG on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.29 or a Moderate Buy. Leggett & Platt, presently has a consensus rating of "Hold" and an average target price of $54.38. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and global copyright laws. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & global trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/29/leggett-platt-incorporated-leg-stock-rating-reaffirmed-by-suntrust-banks-inc.html.
The stock of Leggett & Platt Incorporated (NYSE:LEG) registered a decrease of 6.96% in short interest. The institutional investor bought 6,020 shares of the company's stock, valued at approximately $319,000.
Leggett & Platt has 52 week low of $43.17 and a 52 week high of $54.97 with a PE ratio of 19.03 and has a market capitalization of $0.
Company shares are trading at $47.26 which is marginally lower than the 50 day moving average which is $47.53 and marginally under the 200 day moving average of $49.90.
Leggett & Platt, (NYSE:LEG) last posted its quarterly earnings data on Thursday, October 26th. The company beat the analyst EPS Estimate with the difference of $-0.05. Leggett & Platt, had a net margin of 8.75% and a return on equity of 29.60%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The company's revenue was up 6.4% compared to the same quarter previous year. On average, equities analysts expect that Leggett & Platt, Incorporated will post $2.43 earnings per share for the current fiscal year. Stockholders of record on Friday, September 15th were issued a dividend of $0.36 per share. This dividend represents a yield of $2.91.
Leggett & Platt, Incorporated is a manufacturer that conceives, creates and produces a range of engineered components and products found in homes, offices and automobiles. The Firm operates in four divisions: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products.