Robert Smith JR Buys Shares of LEG
Insider buying activity at LEG with EVP Robert Smith JR purchasing shares.
Key Points
- Robert Smith JR, EVP at LEG, bought 310 shares at $8.67 each on June 12, 2026, totaling $2,687.11.
- Shares of LEG traded near $10.60, with major institutional investors like BlackRock and Vanguard adjusting their positions.
- Analysts from firms like Truist Securities and Piper Sandler maintained hold ratings with price targets ranging from $9 to $12.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Robert Smith JR, an Executive Vice President at LEG, recently bought 310 shares of the company. This insider purchase took place on June 12, 2026, at an average price of $8.67 per share, totaling approximately $2,687.11. The purchase was not part of a pre-planned trading program.
Other Institutional Activity in LEG
Institutional investors have also been active in LEG. BlackRock, Inc. reduced its holdings by 267,808 shares, ending with 21,957,281 shares valued at around $216.9 million. Vanguard Portfolio Management LLC added 12,207,453 shares, bringing its total to the same number with a value of about $120.6 million. State Street Corp trimmed its position by 30,654 shares, holding 5,564,806 shares worth approximately $55.3 million. Meanwhile, Forest Avenue Capital Management LP increased its stake by 2,468,855 shares, totaling 3,702,389 shares valued at $36.6 million.
Insider Buying and Selling at Leggett & Platt, Incorporated
Several insiders at LEG were active on June 12, 2026. Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, purchased 86 shares at $9.01 each. Karl Glassman, the President and CEO, acquired 274 shares at the same price. Jennifer Joy Davis, EVP-General Counsel, bought 103 shares, while Lindsey Nicole Odaffer, EVP-Chief HR Officer, purchased 82 shares, both at $9.01 per share. Benjamin Michael Burns, Executive Vice President and CFO, added 125 shares to his holdings.
Analysts Set New Price Targets
On May 8, 2026, Truist Securities maintained its hold rating on LEG with a price target of $11. Piper Sandler also maintained a hold rating, setting a $12 target in December 2025. The consensus among analysts is a hold rating with an average target price of $10.50, based on multiple evaluations.
Bottom Line
Insider buying by Robert Smith JR at LEG suggests confidence in the company's prospects. Institutional investors are actively adjusting their positions, indicating varying views on the stock's future performance. Analysts maintain a cautious outlook with hold ratings, reflecting a stable but uncertain market sentiment. Investors often follow these filings for insights, but it's important to remember that insider trades are just one piece of the puzzle.
Get Leggett & Platt, Incorporated alerts
New 13F filings, insider trades, and analyst moves on $LEG, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.