Leggett & Platt, Incorporated (NYSE:LEG) Receives Average Recommendation of “Hold” from Brokerages

Posted by Geri Gentry on Aug 6th, 2026

Shares of Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) have been given an average rating of “Hold” by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.3333.

Several research analysts have recently issued reports on LEG shares. Truist Financial decreased their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Zacks Research upgraded shares of Leggett & Platt from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings lowered shares of Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th.

Get Our Latest Report on LEG

Institutional Investors Weigh In On Leggett & Platt

Institutional investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its stake in shares of Leggett & Platt by 752.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 2,311 shares of the company’s stock worth $27,000 after buying an additional 2,040 shares in the last quarter. Motiv8 Investments LLC bought a new position in Leggett & Platt during the fourth quarter valued at about $34,000. Palisade Asset Management LLC bought a new position in Leggett & Platt during the third quarter valued at about $29,000. Hantz Financial Services Inc. grew its holdings in Leggett & Platt by 32.0% during the fourth quarter. Hantz Financial Services Inc. now owns 3,231 shares of the company’s stock worth $36,000 after acquiring an additional 783 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Leggett & Platt during the third quarter worth about $51,000. 64.23% of the stock is currently owned by institutional investors and hedge funds.

Leggett & Platt Trading Down 1.7%

Shares of NYSE LEG opened at $10.29 on Thursday. Leggett & Platt has a 12-month low of $8.32 and a 12-month high of $13.00. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 1.44. The stock’s 50 day simple moving average is $10.79 and its 200 day simple moving average is $10.90. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 6.39 and a beta of 0.73.

Leggett & Platt (NYSE:LEG – Get Free Report) last posted its earnings results 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. The firm had revenue of $999.70 million during the quarter, compared to analyst estimates of $982.86 million. Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. Equities research analysts expect that Leggett & Platt will post 0.9 EPS for the current year.

Leggett & Platt Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 10th. Leggett & Platt’s dividend payout ratio (DPR) is currently 12.42%.

Leggett & Platt Company Profile

(Get Free Report)

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.