Gwm Advisors buys $3,674,791 stake in Leggett & Platt (LEG)

Leggett & Platt (LEG) : Gwm Advisors scooped up 10,122 additional shares in Leggett & Platt during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 69,114 shares of Leggett & Platt which is valued at $3,674,791.Leggett & Platt makes up approximately 1.51% of Gwm Advisors’s portfolio.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc reduced its stake in LEG by selling 3,270 shares or 28.65% in the most recent quarter. The Hedge Fund company now holds 8,145 shares of LEG which is valued at $433,070. Leggett & Platt makes up approx 0.02% of Ferguson Wellman Capital Management Inc’s portfolio.Sarasin Partners Llp reduced its stake in LEG by selling 54,961 shares or 9.31% in the most recent quarter. The Hedge Fund company now holds 535,668 shares of LEG which is valued at $28,481,468. Leggett & Platt makes up approx 0.46% of Sarasin Partners Llp’s portfolio.Gofen Glossberg Il reduced its stake in LEG by selling 25 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 5,205 shares of LEG which is valued at $273,419. Leggett & Platt makes up approx 0.01% of Gofen Glossberg Il’s portfolio.Naples Global Advisors reduced its stake in LEG by selling 50 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 26,695 shares of LEG which is valued at $1,402,288. Leggett & Platt makes up approx 0.56% of Naples Global Advisors’s portfolio.Palisade Asset Management reduced its stake in LEG by selling 1,700 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 42,700 shares of LEG which is valued at $2,243,031. Leggett & Platt makes up approx 0.42% of Palisade Asset Management’s portfolio.

Leggett & Platt opened for trading at $52.98 and hit $53.18 on the upside on Monday, eventually ending the session at $53.17, with a gain of 0.53% or 0.28 points. The heightened volatility saw the trading volume jump to 3,98,797 shares. Company has a market cap of $7,142 M.

On the company’s financial health, Leggett & Platt reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.55. The company had revenue of $938.40 million for the quarter, compared to analysts expectations of $960.47 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Leggett & Platt Incorporated is a manufacturer that conceives designs and produces a range of engineered components and products found in homes offices automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment which include work furniture group that designs manufactures and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group which operates a steel rod mill and tubing group which supplies welded steel tubing and Specialized Products segment designs manufactures and sells products including automotive seating components specialized machinery and equipment and service van interiors. Its brands include Semi-Flex ComfortCore Mira-Coil Lura-Flex Superlastic Super Sagless Tack & Jump Schukra Gribetz Masterack and Hanes among others.

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