Leggett & Platt Stock Price, News & Analysis (NYSE:LEG)

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" LEG shares.
View LEG analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year target prices for Leggett & Platt's shares. Their LEG share price targets range from $18.00 to $24.00. On average, they predict the company's share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for LEG or view top-rated stocks among Wall Street analysts.

Leggett & Platt's stock was trading at $32.23 at the beginning of the year. Since then, LEG stock has decreased by 28.9% and is now trading at $22.90.
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Leggett & Platt saw a decrease in short interest in November. As of November 15th, there was short interest totaling 4,020,000 shares, a decrease of 18.3% from the October 31st total of 4,920,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.1% of the company's stock are sold short.
View Leggett & Platt's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our LEG earnings forecast.

Leggett & Platt, Incorporated (NYSE:LEG) posted its earnings results on Monday, October, 30th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.24 billion. Leggett & Platt had a net margin of 4.44% and a trailing twelve-month return on equity of 12.47%. The business's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share.
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Leggett & Platt announced a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be paid a dividend of $0.46 per share on Friday, January 12th. This represents a $1.84 annualized dividend and a yield of 8.03%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for LEG.

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 7.88%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 117.20%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LEG will have a dividend payout ratio of 134.31% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LEG.

ETFs with the largest weight of Leggett & Platt (NYSE:LEG) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), iMGP Berkshire Dividend Growth ETF (BDVG), Invesco High Yield Equity Dividend Achievers ETF (PEY), Victoryshares Dividend Accelerator ETF (VSDA), WBI Power Factor High Dividend ETF (WBIY), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Altrius Global Dividend ETF (DIVD) and iShares U.S. Home Construction ETF (ITB).

Leggett & Platt updated its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $1.35-$1.45 for the period, compared to the consensus EPS estimate of $1.53. The company issued revenue guidance of $4.70-$4.75 billion, compared to the consensus revenue estimate of $4.85 billion.

59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com. Karl G. Glassman has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Leggett & Platt investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), McDonald's (MCD), 3M (MMM), PepsiCo (PEP), Pfizer (PFE) and Walmart (WMT).

Leggett & Platt's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (4.68%), Morgan Stanley (1.36%), Invesco Ltd. (1.27%), Bank of New York Mellon Corp (1.19%), Northern Trust Corp (0.72%) and Qube Research & Technologies Ltd (0.63%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner, Scott S Douglas and Susan R Mccoy.
View institutional ownership trends.

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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