As Leggett & Platt INC (LEG) Stock Price Declined, Holder Thomaspartners INC Has Cut by $20.25 Million Its Holding

Leggett & Platt, Incorporated (NYSE:LEG) LogoInvestors sentiment decreased to 1.06 in 2018 Q3. Its down 0.02, from 1.08 in 2018Q2. It is negative, as 31 investors sold LEG shares while 130 reduced holdings. 56 funds opened positions while 115 raised stakes. 96.05 million shares or 2.35% less from 98.36 million shares in 2018Q2 were reported. Whittier has 0.09% invested in Leggett & Platt, Incorporated (NYSE:LEG). The Georgia-based Earnest Ptnrs Ltd has invested 0% in Leggett & Platt, Incorporated (NYSE:LEG). Moreover, Tower Research Capital Llc (Trc) has 0% invested in Leggett & Platt, Incorporated (NYSE:LEG). Mackay Shields Ltd Company stated it has 0.01% in Leggett & Platt, Incorporated (NYSE:LEG). Bankshares Of America De accumulated 654,356 shares or 0% of the stock. Utah Retirement System stated it has 24,376 shares or 0.02% of all its holdings. Albert D Mason Incorporated holds 0.65% or 21,640 shares. First Hawaiian Bankshares stated it has 0% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). Dt Invest Ptnrs Lc, a Pennsylvania-based fund reported 52,043 shares. Villere St Denis J & Llc holds 1.56M shares. Vanguard invested in 0.02% or 13.99 million shares. First Mercantile Com invested in 0% or 120 shares. Shell Asset Mgmt invested in 11,362 shares or 0.01% of the stock. First Manhattan holds 0.01% or 56,195 shares. Ferguson Wellman Management Incorporated holds 0.01% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG) for 5,460 shares.

Since August 23, 2018, it had 0 insider buys, and 1 sale for $720,912 activity.

Thomaspartners Inc decreased its stake in Leggett & Platt Inc (LEG) by 15.76% based on its latest 2018Q3 regulatory filing with the SEC. Thomaspartners Inc sold 430,878 shares as the company’s stock declined 18.35% with the market. The institutional investor held 2.30 million shares of the consumer durables company at the end of 2018Q3, valued at $109.90M, down from 2.73M at the end of the previous reported quarter. Thomaspartners Inc who had been investing in Leggett & Platt Inc for a number of months, seems to be less bullish one the $5.00 billion market cap company. It closed at $38.34 lastly. It is down 18.35% since January 14, 2018 and is downtrending. It has underperformed by 18.35% the S&P500.

Thomaspartners Inc, which manages about $4.24B and $12.50 billion US Long portfolio, upped its stake in Ishares Tr (MBB) by 871,567 shares to 874,523 shares, valued at $93.66 million in 2018Q3, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 165,001 shares in the quarter, for a total of 5.39M shares, and has risen its stake in Occidental Pete Corp Del (NYSE:OXY).

Analysts await Leggett & Platt, Incorporated (NYSE:LEG) to report earnings on February, 4. They expect $0.57 earnings per share, down 3.39 % or $0.02 from last year’s $0.59 per share. LEG’s profit will be $74.33 million for 16.82 P/E if the $0.57 EPS becomes a reality. After $0.67 actual earnings per share reported by Leggett & Platt, Incorporated for the previous quarter, Wall Street now forecasts -14.93 % negative EPS growth.

Another recent and important Leggett & Platt, Incorporated (NYSE:LEG) news was published by which published an article titled: “3 Insurance Stocks to Invest In Now –” on January 10, 2019.

Leggett & Platt, Incorporated (NYSE:LEG) Institutional Positions Chart

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