Leggett & Platt EVP Robert Smith Buys Shares

Robert Smith, Executive Vice President and President of Specialty and FF&T at Leggett & Platt, Incorporated, recently bought 281 shares of the company. The purchase was made on June 26, 2026, at an average price of $9.55 per share, amounting to a total transaction value of $2,682.54. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Leggett & Platt, Incorporated

Several insiders at Leggett & Platt made purchases on June 26, 2026. Jennifer Joy Davis, EVP and General Counsel, acquired 93 shares at $9.92 each. James Tyson Hagale, EVP and President of Bedding Products, bought 368 shares at $9.52 per share. Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, purchased 78 shares at $9.92 each. Benjamin Michael Burns, Executive Vice President and CFO, acquired 113 shares at the same price. Lindsey Nicole Odaffer, EVP-Chief HR Officer, bought 74 shares, also at $9.92 each. These purchases reflect a collective insider interest in the company.

Leggett & Platt, Incorporated Stock Up 24.9%

Shares of Leggett & Platt, trading under NYSE:LEG, were priced around $11.67 on Monday. The company has a market capitalization of approximately $1.59 billion and a P/E ratio of 7.25. Its forward P/E is 11.53, with a beta of 0.762, indicating lower volatility compared to the market. The stock's 52-week range is between $7.86 and $13.00, with a 50-day moving average of $10.55 and a 200-day moving average of $10.48. The current ratio stands at 2.33, and the quick ratio is 1.38, with a debt-to-equity ratio of 158.50.

Analysts Set New Price Targets

Analysts have maintained a cautious outlook on Leggett & Platt. On May 8, 2026, Truist Securities maintained its 'hold' rating for the stock, setting a price target of $11.00. Piper Sandler also maintained a 'hold' rating with a target of $12.00 on December 11, 2025. The general 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 is a diversified manufacturer of engineered components and products, primarily in the consumer cyclical sector. The company operates in the furnishings, fixtures, and appliances industry, producing items like steel rod, innersprings, and foam for bedding and furniture. It also serves the automotive and aerospace industries with lumbar support and hydraulic cylinders. Founded in 1883, the company is headquartered in Carthage, Missouri, and led by CEO Karl G. Glassman. Leggett & Platt employs around 15,900 people globally.

Bottom Line

The recent insider buying at Leggett & Platt, including Robert Smith's purchase, signals a potential vote of confidence from the company's executives. Investors often watch insider activity for clues about future performance. However, it's important to remember that such transactions are historical and may not reflect current positions or future intentions.