SCHEDULE 13G: Pacer Funds and Affiliates Disclose 6.14% Passive Stake in Leggett & Platt Inc.

Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly disclosed a combined beneficial ownership of 6.14% of Leggett & Platt Inc.'s common stock as of December 31, 2024.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed a Schedule 13G disclosing their beneficial ownership in Leggett & Platt Inc.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 12,216,114 shares of Leggett & Platt Inc. common stock.
• This aggregate ownership represents 6.14% of the total 198,800,000 shares of common stock outstanding for Leggett & Platt Inc.
• Pacer US Small Cap Cash Cows ETF holds 7,322,125 shares, representing 3.68% of the class.
• Pacer US Cash Cows 100 ETF holds 4,893,989 shares, representing 2.46% of the class.
• Pacer Advisors, Inc. serves as the investment adviser to the Funds and maintains discretionary investment and voting authority over the 12,216,114 shares held by the Funds.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc. and Chairman/President of the Funds, may be deemed a beneficial owner of the same 12,216,114 shares.
• The Reporting Persons state that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Leggett & Platt Inc.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, indicating a passive investment stake without expressing positive or negative sentiment about the issuer's performance or future.

Positives

• A significant institutional investment group, Pacer, has taken a notable 6.14% passive stake in Leggett & Platt Inc., potentially indicating confidence in the company's long-term prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional holder, which can be viewed positively as a vote of confidence from a large investor.

Key Dates

Keywords

Leggett & Platt Inc., L&P, Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake, SEC filing, investment adviser, ETF