Greenland Capital Management LP Purchases Shares of 78,951 Leggett & Platt, Incorporated $LEG

Greenland Capital Management LP acquired a new position in Leggett & Platt, Incorporated (NYSE:LEG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 78,951 shares of the company’s stock, valued at approximately $925,000. Greenland Capital Management LP owned 0.06% of Leggett & Platt at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Leggett & Platt during the second quarter valued at approximately $1,801,000. EP Wealth Advisors LLC bought a new position in Leggett & Platt in the second quarter worth $670,000. Ieq Capital LLC bought a new position in Leggett & Platt in the second quarter worth $4,180,000. Allworth Financial LP bought a new position in Leggett & Platt in the second quarter worth $259,000. Finally, BlackRock Inc. acquired a new stake in Leggett & Platt during the second quarter worth $265,194,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Leggett & Platt Stock Performance

Leggett & Platt stock opened at $9.44 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.35 and a quick ratio of 1.53. The stock has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $10.69. Leggett & Platt, Incorporated has a 52-week low of $8.34 and a 52-week high of $13.00. The firm has a market capitalization of $1.29 billion, a P/E ratio of 6.05 and a beta of 0.73.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. Leggett & Platt had a return on equity of 13.31% and a net margin of 5.64%.The company had revenue of $999.70 million during the quarter, compared to analysts’ expectations of $982.86 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. As a group, analysts anticipate that Leggett & Platt, Incorporated will post 1.05 EPS for the current fiscal year.

Leggett & Platt Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 10th. Leggett & Platt’s dividend payout ratio (DPR) is currently 12.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LEG shares. Weiss Ratings lowered shares of Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Zacks Research raised shares of Leggett & Platt from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Piper Sandler decreased their target price on shares of Leggett & Platt from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Finally, Truist Financial lowered their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Leggett & Platt currently has an average rating of “Hold” and a consensus price target of $10.67.

Leggett & Platt News Summary

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Merger approval: Leggett & Platt shareholders approved the combination with Somnigroup, clearing a key step in the transaction and potentially supporting the stock by lowering deal-execution risk. Leggett & Platt shareholders approve Somnigroup merger
• Positive Sentiment: Analyst upgrade: Zacks Research upgraded LEG from “Hold” to “Strong Buy,” adding momentum to the bullish narrative. Zacks also placed the stock on several Strong Buy lists focused on overall, value and income stocks. New Strong Buy Stocks for August 20th
• Positive Sentiment: Longer-term earnings outlook improved: Zacks raised its FY2026 EPS estimate to $1.00 from $0.96 and its FY2027 forecast to $1.12 from $1.08. It also increased several quarterly estimates, including Q2 2027 and Q3 2027.
• Neutral Sentiment: Mixed estimate revisions: Zacks lowered its Q3 2026 EPS forecast to $0.28 from $0.29, Q4 2026 to $0.18 from $0.21, and Q1 2027 to $0.22 from $0.24, while maintaining a “Hold” rating in its detailed estimate reports. The revisions suggest near-term operating expectations remain uneven.

About Leggett & Platt

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.