Leggett & Platt, Inc. (LEG) Insider Raises Exposure By Over 2,000 Shares

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Leggett & Platt, Inc. (NYSE:LEG) saw an insider raise his holdings in the company through multiple transactions completed today. The President and Chief Operating Officer Karl G. Glassman acquired 2,065.96 shares of common stock at prices ranging from $26.99 to $33.74 per share. Following this filing, Glassman holds 282,814.1 shares directly; while holding about 19,500.7 shares indirectly.
A $4.7 billion market cap company, Leggett & Platt, Inc. (NYSE:LEG) is an international manufacturer that conceives, designs and produces a range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company’s operations are organized into 20 business units, which are divided into 10 groups under its four segments: Residential Furnishings; Commercial Fixturing & Components; Industrial Materials, and Specialized Products.
In addition, the largest institutional investor involved in the company is Winton Capital Management, the fund run by billionaire David Harding. After lowering its holdings by 24% last quarter, the fund holds about 1.23 million shares worth approximately $42.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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