SCHEDULE 13G/A: Pacer Funds and Affiliates Disclose Passive Stake in Leggett & Platt Inc.
Beneficial Ownership Statement
Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have reported a combined passive beneficial ownership of 0.87% in Leggett & Platt Inc., totaling 1,726,082 shares.
Summary
- The filing is an Amendment No. 1 to a Schedule 13G, disclosing beneficial ownership of common stock in Leggett & Platt Inc.
- The reporting persons are Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors, Inc., and Joe M. Thomson.
- Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson each beneficially own 1,726,082 shares of Leggett & Platt Inc. common stock.
- This represents 0.87% of the class, based on 198,800,000 shares outstanding as of December 31, 2024.
- The Pacer US Cash Cows 100 ETF reported 0 shares beneficially owned in this filing.
- The reporting persons collectively hold shared voting power and shared dispositive power over all 1,726,082 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
This document is a beneficial ownership statement and does not contain any forward-looking statements or guidance regarding Leggett & Platt Inc.'s future outlook.
Industry Context
This Schedule 13G filing indicates a passive investment by Pacer Funds, which include ETFs focused on 'Cash Cows' and 'Small Cap' companies, suggesting Leggett & Platt Inc. aligns with their investment criteria. This is a routine disclosure of institutional ownership and does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding institutional ownership, confirming a passive stake by Pacer Funds.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date as of which the number of Leggett & Platt Inc. common shares outstanding (198,800,000) was used for percentage calculation. |
| 2025-03-31 | Date of event which requires the filing of this statement. |
| 2025-05-02 | Date of filing of this Schedule 13G Amendment and the Joint Filing Agreement. |
Keywords
Leggett & Platt Inc., L&P, Pacer US Small Cap Cash Cows ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, beneficial ownership, common stock, institutional investment, passive investment
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