Leggett & Platt CFO Buys Company Shares

On June 12, 2026, Burns Benjamin Michael, the Executive Vice President and Chief Financial Officer of Leggett & Platt, Incorporated, purchased 125 shares of the company. The shares were bought at an average price of $9.01 each, amounting to a total transaction value of $1,126.25. This insider purchase was not part of a pre-planned trading program.

Insider Buying and Selling at Leggett & Platt, Incorporated

Several top executives at Leggett & Platt made stock purchases on June 12, 2026. These include EVP-Chief Strategic Planning Officer Ryan Michael Kleiboeker, who bought 86 shares; EVP, President - Spec. and FF&T Robert Jr. Smith, who acquired 310 shares; and President and CEO Karl Glassman, who picked up 274 shares. Each of these transactions was executed at prices around $9.01 per share, similar to the purchase made by CFO Burns Benjamin Michael.

Other Institutional Activity in Leggett & Platt

Institutional movements in Leggett & Platt's stock have been mixed. BlackRock, Inc. reduced its position by 267,808 shares, leaving it with 21,957,281 shares valued at approximately $216.94 million. Meanwhile, Forest Avenue Capital Management LP significantly increased its holdings by 2,468,855 shares, bringing its total to 3,702,389 shares worth about $36.58 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated positions, with 12,207,453 and 5,774,879 shares respectively.

Leggett & Platt, Incorporated Stock Up 15.6%

Shares of Leggett & Platt (NYSE: LEG) recently traded around $10.60. The company has a market capitalization of $1.47 billion and a P/E ratio of 6.69. Over the past 52 weeks, the stock has ranged from a low of $7.86 to a high of $13.00. Its 50-day moving average stands at $10.44, while the 200-day moving average is $10.42. The company maintains a current ratio of 2.33 and a quick ratio of 1.38, with a debt-to-equity ratio of 158.50.

Recent Earnings

Leggett & Platt reported revenue of $3.95 billion, reflecting a revenue decline of 10.2%. The company achieved an earnings per share (EPS) of $1.61, with a net margin of 5.69% and a return on equity of 25.16%. The next earnings report is expected on July 30, 2026.

Dividend

Leggett & Platt offers an annual dividend rate of $0.20, yielding 1.86%. The dividend payout ratio is 12.42%, indicating a conservative approach to returning capital to shareholders.

Analysts Set New Price Targets

Analysts have maintained their ratings on Leggett & Platt. On May 8, 2026, Truist Securities maintained a 'hold' rating with a price target of $11.00. Piper Sandler also holds a 'hold' rating, setting a price target at $12.00. The consensus among analysts suggests a target mean price of $11.50, based on two analyst opinions.

About Leggett & Platt

Leggett & Platt, Incorporated, based in Carthage, Missouri, designs and manufactures a wide range of engineered components and products. Operating in the consumer cyclical sector, the company serves markets across the United States, Europe, China, Canada, and Mexico. Its diverse product lineup includes bedding components, automotive seating systems, and office furniture. Leggett & Platt employs around 15,900 people and is led by CEO Karl Glassman.

Bottom Line

The recent insider buying activity at Leggett & Platt, particularly by high-ranking executives, may draw attention from investors. With a solid market presence and a diverse product portfolio, the company's financials and analyst ratings suggest a steady outlook. Remember, insider transactions like these are reported after the fact and may not reflect current conditions.