The SVP – Corporate Development of Leggett & Platt (NYSE: LEG) is Selling Shares

By Carrie Williams

Today, the SVP – Corporate Development of Leggett & Platt (LEGResearch Report), Russell Iorio, sold shares of LEG for $369.6K.

In addition to Russell Iorio, 3 other LEG executives reported Sell trades in the last month. Following Russell Iorio’s last LEG Sell transaction on October 31, 2019, the stock climbed by 1.0%.

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Based on Leggett & Platt’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.24 billion and quarterly net profit of $99.6 million. In comparison, last year the company earned revenue of $1.09 billion and had a net profit of $90 million. The company has a one-year high of $55.42 and a one-year low of $33.48. LEG’s market cap is $6.89B and the company has a P/E ratio of 23.57.

The insider sentiment on Leggett & Platt has been negative according to 340 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Residential Products, Industrial Products, Furniture Products, and Specialized Products.