Berkshire Asset Managementpa buys $21,498,233 stake in Leggett & Platt (LEG)

Leggett & Platt (LEG) : Berkshire Asset Managementpa scooped up 14,599 additional shares in Leggett & Platt during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 445,744 shares of Leggett & Platt which is valued at $21,498,233.Leggett & Platt makes up approximately 3.30% of Berkshire Asset Managementpa’s portfolio.

Leggett & Platt opened for trading at $48.13 and hit $48.55 on the upside on Monday, eventually ending the session at $48.33, with a gain of 0.21% or 0.1 points. The heightened volatility saw the trading volume jump to 7,43,217 shares. Company has a market cap of $6,558 M.

Other Hedge Funds, Including , Oakbrook Investments reduced its stake in LEG by selling 200 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 7,300 shares of LEG which is valued at $352,079. Leggett & Platt makes up approx 0.02% of Oakbrook Investments’s portfolio.Naples Global Advisors reduced its stake in LEG by selling 917 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 26,745 shares of LEG which is valued at $1,289,911. Leggett & Platt makes up approx 0.54% of Naples Global Advisors’s portfolio. Central Bank Trust Co sold out all of its stake in LEG during the most recent quarter. The investment firm sold 590 shares of LEG which is valued $28,456.Creative Planning reduced its stake in LEG by selling 3,377 shares or 6.18% in the most recent quarter. The Hedge Fund company now holds 51,293 shares of LEG which is valued at $2,491,301. Leggett & Platt makes up approx 0.02% of Creative Planning’s portfolio.Ct Mason boosted its stake in LEG in the latest quarter, The investment management firm added 9,247 additional shares and now holds a total of 52,050 shares of Leggett & Platt which is valued at $2,528,069. Leggett & Platt makes up approx 1.14% of Ct Mason’s portfolio.

On the company’s financial health, Leggett & Platt reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.51. The company had revenue of $944.60 million for the quarter, compared to analysts expectations of $996.93 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 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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