Leggett & Platt Inc (NYSE:LEG).
Thomaspartners, Inc. sold 430,878 shares during the last quarter decreasing its stake in Leggett & Platt Inc (LEG) by 15.8%. Its position stood at $109,897,000 a decrease of $33,685,000 as of the end of the quarter.
These firms have modified their investment in LEG. Tredje Ap-fonden expanded its investment by buying 2,660 shares an increase of 9.6% as of 09/30/2017. Tredje Ap-fonden controls 30,420 shares worth $1,462,000. The total value of its holdings decreased 0.4%. As of quarter end Bowen Hanes & Co Inc had disposed of 394,075 shares trimming its stake by 82.9%. The value of the investment in (LEG) went from $24,965,000 to $3,874,000 a change of $21,091,000 for the reporting period.
As of the end of the quarter Raymond James & Associates had bought a total of 106,700 shares growing its holdings by 22.5%. The value of the total investment in Leggett & Platt Inc increased from $24,867,000 to $27,688,000 a change of 11.3% quarter to quarter.
October 27 investment analysts at SunTrust Banks left the company rating at “Buy” with a current price target of $53.00.
Piper Jaffray Companies released research on LEG with a rating of “Buy” and setting a price target of $49.00.
On September 8 Piper Jaffray Companies maintained a stock rating of “Buy” targeting a price of $49.00. On September 7, 2017 Stifel Nicolaus reiterated a “Hold” rating on the company.
The company is so far trading down by 0.61% percent from yesterday’s close. Leggett & Platt Inc currently has a P/E ratio of 18.37 and market capitalization is 5.97B. As of the last earnings report the EPS was $2.47 with 131.82M shares now outstanding.
Investors are feeling more bearish on shares of Leggett & Platt Inc recently as shown by the increase in short interest. The stock recorded a rise in short interest of 6.57% between September 29, 2017 and October 13, 2017. Short shares grew 319,451 over that timeframe. The short-interest ratio increased to 7.0 and the percentage of shorted shares is 0.04% as of October 13.