Leggett & Platt, Incorporated $LEG Position Trimmed by Towle & Co.

Towle & Co. decreased its holdings in Leggett & Platt, Incorporated (NYSE:LEG) by 36.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 602,592 shares of the company’s stock after selling 350,488 shares during the quarter. Leggett & Platt accounts for about 2.3% of Towle & Co.’s investment portfolio, making the stock its 22nd largest position. Towle & Co.’s holdings in Leggett & Platt were worth $5,954,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of Leggett & Platt by 59.5% during the 1st quarter. Royal Bank of Canada now owns 47,054 shares of the company’s stock valued at $372,000 after acquiring an additional 17,561 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Leggett & Platt by 8.4% in the 1st quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock valued at $116,000 after purchasing an additional 1,132 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Leggett & Platt by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 454,096 shares of the company’s stock valued at $3,592,000 after purchasing an additional 13,187 shares during the period. Jane Street Group LLC increased its stake in Leggett & Platt by 36.3% in the 1st quarter. Jane Street Group LLC now owns 1,175,452 shares of the company’s stock worth $9,298,000 after purchasing an additional 312,840 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Leggett & Platt by 113.5% in the 1st quarter. Acadian Asset Management LLC now owns 109,638 shares of the company’s stock worth $866,000 after purchasing an additional 58,292 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Leggett & Platt Stock Performance

Shares of NYSE LEG opened at $10.62 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.33 and a quick ratio of 1.45. Leggett & Platt, Incorporated has a one year low of $7.86 and a one year high of $13.00. The business’s 50-day moving average price is $10.68 and its two-hundred day moving average price is $11.00. The company has a market capitalization of $1.45 billion, a P/E ratio of 6.59 and a beta of 0.71.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The firm had revenue of $918.20 million for the quarter, compared to analysts’ expectations of $946.79 million. Leggett & Platt had a return on equity of 12.62% and a net margin of 5.69%.The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. Analysts anticipate that Leggett & Platt, Incorporated will post 0.9 earnings per share for the current fiscal year.

Leggett & Platt Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, June 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Leggett & Platt’s dividend payout ratio is 12.42%.

Key Headlines Impacting Leggett & Platt

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

• Positive Sentiment: Zacks Research raised longer-term earnings estimates for Leggett & Platt and upgraded the stock from strong sell to hold, suggesting a somewhat improved outlook for profitability. Zacks Research upgrade and estimate revisions
• Neutral Sentiment: The company announced it will release second-quarter 2026 earnings on August 6, 2026, before the market opens. This keeps investors focused on upcoming results, but the announcement itself does not change fundamentals. Leggett & Platt Announces 2Q 2026 Earnings Release Date
• Neutral Sentiment: Leggett & Platt also said it will not host an earnings call, which may limit the amount of detail investors get when the results are released. Leggett & Platt to Release Second Quarter 2026 Earnings Results on August 6, 2026
• Neutral Sentiment: Recent commentary from Zacks and Seeking Alpha reflects a divided view on the stock, with one note turning more constructive while another remains bearish. That split likely adds to investor caution rather than providing a clear catalyst. Zacks article

Analyst Upgrades and Downgrades

A number of research firms have commented on LEG. Weiss Ratings raised shares of Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Truist Financial decreased their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Friday, May 8th. Finally, Zacks Research raised shares of Leggett & Platt from a “strong sell” rating to a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.33.

Leggett & Platt Profile

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.