Country Club Trust Company N.a. Exits Position in Leggett & Platt (LEG)

Leggett & Platt (LEG) : Country Club Trust Company N.a. has sold out all of its stake in Leggett & Platt during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 3,954 shares of Leggett & Platt which is valued at $180,816.

Other Hedge Funds, Including , National Pension Service added LEG to its portfolio by purchasing 182 company shares during the most recent quarter which is valued at $8,323.Msi Financial Services Inc boosted its stake in LEG in the latest quarter, The investment management firm added 4,932 additional shares and now holds a total of 40,127 shares of Leggett & Platt which is valued at $1,834,606. Leggett & Platt makes up approx 0.06% of Msi Financial Services Inc’s portfolio.Capstone Asset Management Co boosted its stake in LEG in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 16,123 shares of Leggett & Platt which is valued at $735,048. Leggett & Platt makes up approx 0.02% of Capstone Asset Management Co’s portfolio. Cutler Group Lp sold out all of its stake in LEG during the most recent quarter. The investment firm sold 416 shares of LEG which is valued $19,099.Exxonmobil Investment Management Inc Tx reduced its stake in LEG by selling 639 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 34,131 shares of LEG which is valued at $1,561,493. Leggett & Platt makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.

Leggett & Platt opened for trading at $45.93 and hit $46.15 on the upside on Friday, eventually ending the session at $45.73, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 6,52,626 shares. Company has a market cap of $6,113 M.

On the company’s financial health, Leggett & Platt reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.63. The company had revenue of $958.30 million for the quarter, compared to analysts expectations of $1003.58 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Leggett & Platt. Leggett & Platt was Downgraded by Raymond James to ” Mkt Perform” on Aug 1, 2016. Leggett & Platt was Downgraded by Hilliard Lyons to ” Underperform” on Jul 29, 2016.

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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