78,951 Shares in Leggett & Platt, Incorporated $LEG Acquired by Greenland Capital Management LP

Greenland Capital Management LP purchased a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 78,951 shares of the company’s stock, valued at approximately $925,000.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Leggett & Platt during the second quarter worth $265,194,000. Vanguard Group Inc. lifted its position in Leggett & Platt by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,990,042 shares of the company’s stock worth $208,890,000 after buying an additional 282,940 shares in the last quarter. Geode Capital Management LLC grew its holdings in Leggett & Platt by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 3,173,733 shares of the company’s stock worth $34,917,000 after acquiring an additional 183,218 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Leggett & Platt by 22.7% during the 1st quarter. Quantinno Capital Management LP now owns 3,023,884 shares of the company’s stock worth $29,876,000 after acquiring an additional 559,868 shares during the last quarter. Finally, Invenomic Capital Management LP increased its position in Leggett & Platt by 4.0% in the 4th quarter. Invenomic Capital Management LP now owns 2,437,519 shares of the company’s stock valued at $26,813,000 after acquiring an additional 93,213 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Trading Up 1.1%

Shares of LEG opened at $9.44 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.35 and a debt-to-equity ratio of 1.38. Leggett & Platt, Incorporated has a 12-month low of $8.34 and a 12-month high of $13.00. The firm has a market capitalization of $1.29 billion, a PE ratio of 6.05 and a beta of 0.73. The stock’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $10.69.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The firm had revenue of $999.70 million during the quarter, compared to analyst estimates of $982.86 million. Leggett & Platt had a return on equity of 13.31% and a net margin of 5.64%.The company’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. As a group, research analysts predict that Leggett & Platt, Incorporated will post 1.05 earnings per share for the current year.

Leggett & Platt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 10th. Leggett & Platt’s dividend payout ratio (DPR) is 12.82%.

Analysts Set New Price Targets

LEG has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Truist Financial decreased their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Piper Sandler lowered their price target on shares of Leggett & Platt from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Leggett & Platt from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.67.

Leggett & Platt News Roundup

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Merger approval: Leggett & Platt shareholders approved the combination with Somnigroup, clearing a key step in the transaction and potentially supporting the stock by lowering deal-execution risk. Leggett & Platt shareholders approve Somnigroup merger
• Positive Sentiment: Analyst upgrade: Zacks Research upgraded LEG from “Hold” to “Strong Buy,” adding momentum to the bullish narrative. Zacks also placed the stock on several Strong Buy lists focused on overall, value and income stocks. New Strong Buy Stocks for August 20th
• Positive Sentiment: Longer-term earnings outlook improved: Zacks raised its FY2026 EPS estimate to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. It also increased several quarterly estimates, including Q2 2027 and Q3 2027.
• Neutral Sentiment: Mixed estimate revisions: Zacks lowered its Q3 2026 EPS forecast to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24, while maintaining a “Hold” rating in its detailed estimate reports. The revisions suggest near-term operating expectations remain uneven.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.