Patterson-UTI Energy, Inc. (PTEN) Touches $23.69 Formed H&S; Waddell & Reed Financial Increased Leggett & Platt (LEG) Holding

January 6, 2018 - By Annabelle Johnson

Patterson-UTI Energy, Inc. (PTEN) formed inverse H&S with $25.82 target or 9.00% above today’s $23.69 share price. Patterson-UTI Energy, Inc. (PTEN) has $5.27 billion valuation. The stock increased 0.30% or $0.07 during the last trading session, reaching $23.69. About 2.45 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since January 6, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Waddell & Reed Financial Inc increased Leggett & Platt Inc (LEG) stake by 4.22% reported in 2017Q3 SEC filing. Waddell & Reed Financial Inc acquired 8,180 shares as Leggett & Platt Inc (LEG)’s stock rose 4.13%. The Waddell & Reed Financial Inc holds 201,845 shares with $9.63 million value, up from 193,665 last quarter. Leggett & Platt Inc now has $6.31 billion valuation. The stock increased 0.36% or $0.17 during the last trading session, reaching $47.9. About 525,376 shares traded. Leggett & Platt, Incorporated (NYSE:LEG) has risen 4.35% since January 6, 2017 and is uptrending. It has underperformed by 12.35% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.01, from 1.11 in 2017Q2. It improved, as 43 investors sold LEG shares while 129 reduced holdings. 51 funds opened positions while 142 raised stakes. 88.88 million shares or 1.22% less from 89.97 million shares in 2017Q2 were reported. 12,000 were reported by Greenwood Gearhart. Salem Counselors Inc reported 2,000 shares. State Board Of Administration Of Florida Retirement holds 0.03% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG) for 198,388 shares. Toronto Dominion Bancorp reported 50,180 shares or 0.01% of all its holdings. Suntrust Banks reported 0.02% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). Hartford Investment Mngmt, a Connecticut-based fund reported 29,897 shares. Mufg Americas holds 69,042 shares. Royal Bancshares Of Canada owns 134,418 shares for 0% of their portfolio. Cibc World Markets invested in 20,571 shares or 0.01% of the stock. American Bancshares holds 0.02% or 1,075 shares in its portfolio. The Alabama-based Andra Ap has invested 0.06% in Leggett & Platt, Incorporated (NYSE:LEG). Verity Verity Lc holds 47,064 shares. Exxonmobil Invest Tx has invested 0.03% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). Inv Centers Of America holds 0.02% or 4,300 shares in its portfolio. Archford Capital Strategies Ltd Llc accumulated 21,708 shares.

Since July 31, 2017, it had 0 insider purchases, and 2 sales for $982,843 activity. Another trade for 250 shares valued at $11,620 was sold by TRENT TAMMY M. FLANIGAN MATTHEW C also sold $971,223 worth of Leggett & Platt, Incorporated (NYSE:LEG) on Monday, July 31.

Waddell & Reed Financial Inc decreased Morgan Stanley (NYSE:MS) stake by 779,384 shares to 4.59M valued at $221.10 million in 2017Q3. It also reduced Uniti Group Inc stake by 2.73M shares and now owns 1.53 million shares. Schlumberger Ltd (NYSE:SLB) was reduced too.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Leggett & Platt has $66.0 highest and $45.0 lowest target. $54.67’s average target is 14.13% above currents $47.9 stock price. Leggett & Platt had 20 analyst reports since August 5, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $5900 target in Monday, August 14 report. The rating was initiated by Piper Jaffray with “Overweight” on Monday, June 5. The firm has “Buy” rating by Hilliard Lyons given on Friday, September 15. The firm has “Strong Buy” rating by Raymond James given on Wednesday, February 1. Stifel Nicolaus maintained it with “Hold” rating and $45.0 target in Wednesday, September 6 report. The stock has “Neutral” rating by PiperJaffray on Monday, October 30. The company was maintained on Thursday, July 13 by Piper Jaffray. As per Friday, September 22, the company rating was upgraded by Suntrust Robinson. As per Friday, July 29, the company rating was downgraded by Hilliard Lyons. The firm earned “” rating on Monday, August 31 by Raymond James.

Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.25, from 1.66 in 2017Q2. It dived, as 40 investors sold Patterson-UTI Energy, Inc. shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Lmr Prtnrs Limited Liability Partnership reported 0.1% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). 629,714 were accumulated by Citigroup. 6.01M were reported by State Street Corporation. Commercial Bank Of Mellon Corp has invested 0.03% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Caxton Associates L P has 0.41% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 544,813 shares. Raymond James Fincl Services Advisors Incorporated invested in 57,731 shares or 0.01% of the stock. Creative Planning invested 0.01% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Morgan Stanley reported 1.14 million shares. Group One Trading L P holds 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 5,309 shares. New York-based Capstone Invest Advisors Limited Liability has invested 0.02% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Lazard Asset Lc stated it has 0.02% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Bessemer Group Inc owns 191 shares. Nippon Life Americas Inc holds 0.04% or 19,750 shares. Fuller Thaler Asset Mngmt Inc reported 0.7% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Paloma Prtnrs holds 0.02% or 79,076 shares.