Ryan Michael Kleiboeker Buys Shares of Leggett & Platt

On June 26, 2026, Ryan Michael Kleiboeker, Executive Vice President and Chief Strategic Planning Officer at Leggett & Platt, Incorporated, purchased 78 shares of the company. The shares were acquired at an average price of $9.92 each, amounting to a total transaction value of $773.76. This insider buy was not part of a prearranged trading plan.

Insider Buying and Selling at Leggett & Platt, Incorporated

Kleiboeker wasn't the only insider buying shares. On the same day, several other executives also purchased shares. Jennifer Joy Davis, EVP and General Counsel, bought 93 shares at $9.92 each. James Tyson Hagale, EVP and President of Bedding Products, acquired 368 shares at an average price of $9.52. Benjamin Michael Burns, EVP and CFO, purchased 113 shares at $9.92. Robert Jr. Smith, EVP and President of Specialty and FF&T, bought 281 shares at $9.55. Lindsey Nicole Odaffer, EVP and Chief HR Officer, acquired 74 shares at $9.92.

Other Institutional Activity in Leggett & Platt

Several institutional investors have also been active in Leggett & Platt recently. Vanguard Portfolio Management LLC opened a new position, acquiring 12,207,453 shares valued at approximately $120.6 million. Similarly, Vanguard Capital Management LLC initiated a stake with 5,774,879 shares worth about $57.1 million. BlackRock, Inc. reduced its holdings by 267,808 shares, now owning 21,957,281 shares valued at roughly $216.9 million, marking a 1.2% decrease. State Street Corp trimmed its position slightly by 30,654 shares, ending with 5,564,806 shares valued at $55.3 million. Meanwhile, Forest Avenue Capital Management LP significantly boosted its stake by 2,468,855 shares, now holding 3,702,389 shares worth approximately $36.6 million, a 200.1% increase.

Leggett & Platt, Incorporated Stock Up 24.9%

Shares of NYSE:LEG traded near $11.67 on Monday. Leggett & Platt has a market cap of about $1.59 billion and a P/E ratio of 7.25, indicating its relative valuation compared to earnings. The stock's beta is 0.762, suggesting it is less volatile than the market. Over the past year, the stock has ranged between $7.86 and $13.00. Its 50-day moving average is $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 158.5.

Recent Earnings

Leggett & Platt reported revenue of $3.95 billion, experiencing a revenue decline of 10.2% year-over-year. The company posted an EPS of $1.61, with a net margin of 5.7% and a return on equity of 25.2%. The next earnings report is anticipated on July 30, 2026.

Dividend

The company offers an annual dividend rate of $0.20, yielding 1.71% at current prices. The dividend payout ratio is 12.4%, indicating a conservative approach to returning profits to shareholders.

Analysts Set New Price Targets

Truist Securities maintained its hold rating on Leggett & Platt with a price target of $11.00 on May 8, 2026. Piper Sandler also maintained a hold rating with a $12.00 target. The consensus among analysts is a hold recommendation, with an average target price of $11.50 based on two analyst opinions.

About Leggett & Platt

Leggett & Platt, Incorporated designs and manufactures a wide range of engineered components and products for various industries, including furniture and automotive. Headquartered in Carthage, Missouri, the company operates globally with approximately 15,900 employees. It provides products such as steel rods, innersprings, and specialty foams for bedding and furniture, as well as automotive seating systems and hydraulic cylinders.

Bottom Line

Insider buying at Leggett & Platt, including purchases by Ryan Michael Kleiboeker, suggests confidence in the company's future. Investors closely watch such transactions for potential insights. As with all 13F filings and insider trades, this data is backward-looking and may not reflect current positions.