Leggett & Platt EVP Jennifer Joy Davis Buys Shares

On June 26, 2026, Jennifer Joy Davis, Executive Vice President and General Counsel at Leggett & Platt, Incorporated, bought 93 shares of the company at an average price of $9.92 each. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Leggett & Platt, Incorporated

Jennifer Joy Davis wasn't the only executive buying shares. On the same day, several other executives made purchases. James Tyson Hagale, EVP and President of Bedding Products, acquired 368 shares at $9.52 each. Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, purchased 78 shares at the same price as Davis. Benjamin Michael Burns, EVP and CFO, bought 113 shares, and Robert Jr Smith, EVP and President of Spec. and FF&T, acquired 281 shares. Lindsey Nicole Odaffer, EVP - Chief HR Officer, also joined in, buying 74 shares at $9.92 each.

Other Institutional Activity in Leggett & Platt

Institutional investors have also been active with Leggett & Platt. BlackRock, Inc. reduced its holdings by 267,808 shares, ending with 21,957,281 shares valued at about $216.9 million, a 1.2% decrease. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 12,207,453 shares worth approximately $120.6 million. Similarly, Vanguard Capital Management LLC initiated a stake with 5,774,879 shares valued at $57.1 million. On the other hand, State Street Corp trimmed its position slightly, selling 30,654 shares to hold 5,564,806 shares valued at $55.3 million. Forest Avenue Capital Management LP significantly increased its holdings by 2,468,855 shares, now owning 3,702,389 shares worth about $36.6 million.

Leggett & Platt, Incorporated Stock Up 24.9%

Shares of NYSE:LEG traded near $11.67 on Monday. Leggett & Platt has a market capitalization of $1.59 billion, with a P/E ratio of 7.25 and a forward P/E of 11.53. The stock's beta is 0.762, indicating lower volatility compared to the broader market. Over the past year, the stock has seen a low of $7.86 and a high of $13.00. Its 50-day moving average stands at $10.55, while the 200-day moving average is $10.48. 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, though it experienced a revenue decline of 10.2%. The company achieved an earnings per share (EPS) of $1.61. Its net margin was 5.7%, and it recorded a return on equity (ROE) of 25.2%. The next earnings report is scheduled for July 30, 2026.

Dividend

Leggett & Platt offers an annual dividend rate of $0.20, yielding 1.71%. Its dividend payout ratio is 12.42%, with the next ex-dividend date not specified.

Analysts Set New Price Targets

On May 8, 2026, Truist Securities maintained a hold rating on the stock, setting a price target of $11.00. Piper Sandler also maintained a hold rating, with a target of $12.00 set on December 11, 2025. The consensus among analysts is a hold rating, with a mean price target of $11.50 based on two analyst opinions.

About Leggett & Platt

Leggett & Platt, Incorporated, based in Carthage, Missouri, designs and manufactures a wide array of engineered components and products. Operating in the consumer cyclical sector, the company serves industries such as furnishings, fixtures, and appliances. It provides products like steel rods, innersprings, and specialty foam for bedding and furniture, as well as components for automotive seating and office furniture. Founded in 1883, Leggett & Platt employs about 15,900 people under the leadership of CEO Karl G. Glassman.

Bottom Line

The recent insider buying at Leggett & Platt, including purchases by high-level executives like Jennifer Joy Davis, highlights potential confidence in the company's future. Institutional investors have shown mixed activity, with some reducing and others initiating new positions. As always, 13F filings and insider transactions provide a backward-looking perspective and might not reflect current market conditions.