Whittier Trust Co. Cuts Stake in Leggett & Platt: Institutional Investors’ Activity in Focus

Whittier Trust Co. reduced its stake in Leggett & Platt, Incorporated by 17.4% in the second quarter, selling 2,928 shares of the company’s stock, according to its recent 13F filing with the Securities and Exchange Commission. This move follows a trend of institutional investor activity in the company, with several other firms adjusting their positions. Notably, Vanguard Group Inc. increased its stake in Leggett & Platt by 0.4% in the fourth quarter, while Dimensional Fund Advisors LP grew its stake by 12.4% during the same period. The company recently declared a quarterly dividend, payable on October 15th, and analysts have mixed views on its future prospects. Some analysts have raised their price objectives while others maintain a more cautious stance.