Leggett & Platt
LEG

$11.62

0.85%

Market Cap: $1.56B

About: Leggett & Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.

Employees: 19,300

Consumer Discretionary Household Furniture

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

54% more call options, than puts

Call options by funds: $15.4M | Put options by funds: $9.97M

7.19% more ownership

Funds ownership: 68.86% [Q1] → 76.04% (+7.19%) [Q2]

9% more repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 101

6% less funds holding

Funds holding: 356 [Q1] → 333 (-23) [Q2]

24% less first-time investments, than exits

New positions opened: 74 | Existing positions closed: 97

34% less capital invested

Capital invested by funds: $1.77B [Q1] → $1.17B (-$602M) [Q2]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$11

5%

downside

Avg. target

$12

3%

upside

High target

$13

12%

upside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target	12%upside $13	Hold Maintained	5 Aug 2024
Goldman Sachs Susan Maklari 66% 1-year accuracy 23 / 35 met price target	3%upside $12	Neutral Maintained	10 Jul 2024
Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target	5%downside $11	Hold Maintained	27 Jun 2024

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Financial journalist opinion

2 Fallen Former Dividend Kings For A Small Cap Recovery Trade

Small caps that were once large are optimal in this environment for a small cap trade in my opinion. Despite challenges, some companies like Leggett & Platt and VF Corporation are working on turnaround stories and are cutting costs while reducing debt. Debt burdens are a concern, but rate cuts may provide some assistance in navigating small cap purgatory.

2 Fallen Former Dividend Kings For A Small Cap Recovery Trade

20 stocks the bears can't easily short — and that's why you shouldn't buy them

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20 stocks the bears can't easily short — and that's why you shouldn't buy them

53 August Dividend Kings: Buy 7, Watch 9 More

“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 9.36%-31.67% topped-by PPG, and Target. By yield, Altria tops-all. Top-ten August dogs: NFG, FRT, KVUE, FTS, UBSI, BKH, NWN, CDUAF, UVV, & MO averaged 4.92% in yield.

53 August Dividend Kings: Buy 7, Watch 9 More

LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05

CARTHAGE, Mo. , Aug. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter 2024.

LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05

Dividend Income: Lanny's July 2024 Summary

In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

Dividend Income: Lanny's July 2024 Summary

Leggett & Platt: True Earning Power Could Have Been Overestimated

Leggett & Platt's gross profit margin has been shrinking for the past eight years, which has offset any growth in sales during that time frame. The true earning power of LEG may have been overestimated due to acquisition costs, which are not included in net income. A more protective stance on foreign imports after the U.S. elections could benefit LEG in the mid-term.

Leggett & Platt: True Earning Power Could Have Been Overestimated

Zacks Investment Research

Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down

Leggett's (LEG) second-quarter results reflect slow demand in most of the markets served.

Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down

Leggett & Platt, Incorporated (LEG) Q2 2024 Earnings Call Transcript

Leggett & Platt, Incorporated (NYSE:LEG ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Cassie Branscum - Vice President, Investor Relations Karl Glassman - President and Chief Executive Officer Benjamin Burns - Executive Vice President and Chief Financial Officer Tyson Hagale - Executive Vice President, President, Bedding Products Samuel Smith - Senior Vice President, President, Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Keith Hughes - Truist Securities Peter Keith - Piper Sandler Operator Greetings and welcome to the Leggett & Platt Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Leggett & Platt, Incorporated (LEG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Legget & Platt (LEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Legget & Platt (LEG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Legget & Platt (LEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Legget & Platt (LEG) Q2 Earnings Match Estimates

Legget & Platt (LEG) came out with quarterly earnings of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago.

Legget & Platt (LEG) Q2 Earnings Match Estimates

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