State Street Amends Leggett & Platt Stake as of Dec 31, 2023
Ticker: LEG · Form: SC 13G/A · Filed: Jan 24, 2024
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A
TL;DR
**State Street updated its Leggett & Platt holdings, confirming its institutional stake.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Leggett & Platt Inc. common stock as of December 31, 2023. This filing is an amendment, meaning State Street previously disclosed its stake and is updating that information. For investors, this matters because State Street is a significant institutional holder, and changes in its reported ownership can signal shifts in institutional confidence or investment strategy regarding Leggett & Platt.
Why It Matters
This filing shows that State Street Corporation continues to hold a significant position in Leggett & Platt, providing insight into institutional investor sentiment for the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk event.
Analyst Insight
An investor should note that State Street Corporation, a large institutional investor, maintains a position in Leggett & Platt. While this filing doesn't reveal the exact percentage or change in ownership, it confirms continued institutional interest. Investors should look for the full Schedule 13G/A to understand the specific ownership percentage and any significant changes from previous filings.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Leggett & Platt Inc. (company) — the subject company whose securities are being reported
- 0000093751-24-000173 (other) — accession number for the filing
- 524660107 (other) — CUSIP number for Leggett & Platt Inc. common stock
- December 31, 2023 (date) — date of the event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' in the document.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is LEGGETT & PLATT INC, as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LEGGETT & PLATT INC'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Leggett & Platt Inc. is 524660107, as listed under 'CUSIP NUMBER: 524660107'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding LEGGETT & PLATT INC (LEG).