Is Leggett & Platt (LEG) Stock Slightly Above Fair Value?
Leggett & Platt (LEG) stock, despite a significant decline over the past five years, shows a mixed valuation picture. Its Discounted Cash Flow (DCF) model suggests it's slightly above its intrinsic value at $9.41 per share compared to an estimated $8.68. However, its P/E ratio of 5.9x is considerably lower than the industry average, indicating it might be undervalued on an earnings basis.
Leggett & Platt Shareholders Approve Merger with Somnigroup
Leggett & Platt shareholders have approved the proposed merger with Somnigroup International Inc. The merger, valued at approximately $2.5 billion, is pending final regulatory approval and is expected to close by the end of 2026. Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock for each of their shares, resulting in approximately 9% ownership of the combined company.
$2.5B Leggett, Somnigroup deal clears major hurdle with shareholder vote
Leggett & Platt shareholders have approved the company’s proposed $2.5 billion acquisition by Somnigroup International, marking a significant step forward for the merger. This approval follows the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period in June. The transaction is still subject to one regulatory approval and other closing conditions, but is expected to create a vertically integrated global bedding company.
Leggett & Platt shareholders approve merger with Somnigroup
Leggett & Platt's shareholders have approved the company's merger with Somnigroup International Inc. The merger is still pending one regulatory approval and subject to various conditions and risks, including potential disruption to business relationships, diversion of management time, and the possibility that expected benefits may not be realized. Failure to complete the merger could negatively impact Leggett & Platt's share price and future financial results.
Leggett & Platt shareholders approve Somnigroup merger
Leggett & Platt's shareholders have approved the merger with Somnigroup International Inc., an all-stock transaction valued at approximately $2.5 billion. The merger is still subject to one remaining regulatory approval. Upon closing, Leggett & Platt will operate as a separate business unit within Somnigroup, maintaining its offices in Carthage, Missouri, and continuing a nearly 50-year collaboration in the bedding market.
Brokers Issue Forecasts for Leggett & Platt Q3 Earnings
Zacks Research has lowered its Q3 2026 EPS forecast for Leggett & Platt (NYSE:LEG) to $0.28 from $0.29, while maintaining a "Hold" rating and projecting $1.00 in FY2026 earnings. Despite a revenue decline of 5.5% year over year, the company's latest quarterly results exceeded expectations with an EPS of $0.39 against a $0.26 consensus. The stock opened at $9.35, near its one-year low and below its 50- and 200-day moving averages, with analysts holding a consensus "Hold" rating and a $10.67 price target, alongside a quarterly dividend yielding approximately 2.1%.
Leggett & Platt Shareholders Vote to Approve Merger with Somnigroup International
Leggett & Platt shareholders have approved the merger with Somnigroup International, Inc. The merger is still pending a final regulatory approval and is expected to close once all remaining conditions are met. Following the agreement, Leggett & Platt withdrew its 2026 guidance and will not host a conference call, directing stakeholders to its forthcoming Q2 2026 Form 10-Q filing for financial details.
Leggett & Platt shareholders approve $2.5B merger with Somnigroup
Leggett & Platt shareholders have approved the $2.5 billion merger with Somnigroup International Inc. The all-stock transaction will result in Leggett & Platt shareholders owning approximately 9% of the combined company. The merger is still subject to regulatory approvals and is anticipated to close by year-end 2026.
$2.5B Somnigroup, Leggett deal clears major hurdle with shareholder vote
Leggett & Platt shareholders have approved the proposed $2.5 billion acquisition by Somnigroup International. This approval clears a significant hurdle, though the deal still awaits one regulatory approval and other closing conditions. The all-stock transaction will integrate Leggett & Platt into Somnigroup, expanding the latter's presence across the bedding supply chain and creating a vertically integrated global bedding company.
Leggett & Platt shareholders approve Somnigroup merger By Investing.com
Leggett & Platt (NYSE:LEG) announced that its shareholders have approved the merger with Somnigroup International Inc. (NYSE:SGI). The merger is still subject to regulatory approval and is expected to close upon the satisfaction of remaining conditions. Leggett & Platt will become a wholly-owned subsidiary of Somnigroup following the merger.
Best Income Stocks to Buy for August 20th
This article identifies three top income stocks for August 20th, all with a Zacks Rank #1 (Strong Buy). These companies are Leggett & Platt, Kaiser Aluminum Corporation, and The Cheesecake Factory Incorporated, each boasting strong dividend yields and recent positive revisions to their current year earnings estimates. Investors are encouraged to consider these stocks for their income-generating characteristics.
Leggett & Platt Inc. stock outperforms competitors on strong trading day
Leggett & Platt Inc. (LEG) shares increased by 3.42% to $9.68 on Wednesday, outperforming the broader market which also saw gains in the S&P 500 and Dow Jones Industrial Average. This rise ended a three-day losing streak for the company's stock.
Leggett & Platt Inc. stock underperforms Tuesday when compared to competitors
Leggett & Platt Inc. (LEG) shares fell 2.09% on Tuesday, closing at $9.36, underperforming the broader market. This marks the third consecutive day of losses for the stock, despite the S&P 500 Index (SPX) and Dow Jones Industrial Average (DJIA) also experiencing declines.
Alberta Investment Management Corp Invests $2.68 Million in Leggett & Platt, Incorporated $LEG
Alberta Investment Management Corp recently acquired a new position in Leggett & Platt, Inc. (NYSE:LEG), purchasing 228,695 shares valued at approximately $2.68 million during the second quarter. This investment gives Alberta Investment Management Corp a 0.17% stake in the company. Other institutional investors have also adjusted their holdings in Leggett & Platt, which has seen varied analyst ratings and reported earnings exceeding expectations.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Shares of Leggett & Platt Inc. (LEG) fell 1.04% to $9.56 on Monday, experiencing its second consecutive day of losses. Despite this decline, the stock still outperformed the broader market, as the S&P 500 Index and Dow Jones Industrial Average both saw larger percentage drops.
Soft Q2 2026 Results Might Change The Case For Investing In Leggett & Platt (LEG)
Leggett & Platt recently reported softer Q2 2026 results with lower sales and net income compared to the previous year, impacting its investment narrative. The company's weaker performance across the first half of 2026 highlights ongoing pressure on revenue and profitability, particularly due to soft residential bedding demand. This situation reinforces existing risks and places greater emphasis on individual investor views regarding demand stabilization and the effectiveness of future turnaround efforts.
Soft Q2 2026 Results Might Change The Case For Investing In Leggett & Platt (LEG)
Leggett & Platt reported soft Q2 2026 results with lower sales and net income compared to the previous year, impacting its investment narrative. The company's weaker performance in the first half of 2026, combined with the withdrawal of 2026 guidance, intensifies focus on demand recovery, particularly in residential bedding, and raises questions about future earnings stability despite prior restructuring efforts.
Is Leggett & Platt (LEG) A Bargain On Weak Earnings?
Leggett & Platt (LEG) recently reported declining sales and net income for Q2 and H1 2026, yet its share price has seen short-term gains, puzzling investors. While one valuation narrative suggests the stock is 7.6% undervalued with a fair value of $10.50, driven by an almost complete restructuring plan, a discounted cash flow (DCF) model indicates it might be overvalued at $8.72 per share. The company faces ongoing challenges from weak bedding demand and pricing pressure in flooring and textiles, which could strain future revenues and margins.
Leggett & Platt Inc. stock underperforms Thursday when compared to competitors despite daily gains
Shares of Leggett & Platt Inc. (LEG) rose 2.97% to $9.70 on Thursday, amidst a positive trading session for the broader market. Despite this gain, the stock underperformed its competitors. Leggett & Platt Inc. closed 25.38% below its 52-week high of $13.00.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Leggett & Platt Inc. (LEG) stock experienced a 1.15% decline, closing at $9.42 on Wednesday. Despite this loss, the stock's performance outpaced the broader market, which saw the S&P 500 Index rise by 0.26% and the Dow Jones Industrial Average fall by 0.04%. Leggett & Platt Inc. is currently trading 27.54% below its 52-week high.
Leggett & Platt bedding profit nearly triples to $37m as mattress market plunges 10%+
Leggett & Platt's Bedding Products business significantly increased its adjusted EBIT to $37 million in the second quarter of 2026, despite a more than 10% decline in the overall US mattress unit market. This profitability was driven by stronger metal margins, a favorable sales mix, temporary pricing advantages, and restructuring savings. Company-wide sales still saw a 6% decrease, though adjusted EBIT for the entire company rose to $89 million, with a proposed acquisition by Somnigroup International also underway.
Leggett & Platt (LEG) EVP Lindsey Odaffer granted additional common stock
Lindsey Nicole Odaffer, EVP - Chief HR Officer at Leggett & Platt (LEG), was granted 89.7554 shares of common stock on August 7, 2026, valued at $8.1770 per share. Following this transaction, her direct holdings increased to 86,825.5583 shares, and she also holds 25.2350 shares indirectly through the issuer's retirement plan. This grant is categorized as a compensation-related stock award, not an open-market purchase.
Leggett & Platt (LEG) CFO reports new stock award and updated holdings
Leggett & Platt's Executive Vice President and CFO, Benjamin Michael Burns, reported receiving an award of 137.4966 shares of common stock on August 7, 2026, priced at $8.1770 per share. This transaction increased his direct holdings to 192,242.6780 shares, with additional indirect holdings through a retirement plan and his spouse. The filing, categorized as a grant or award acquisition, was not made under a Rule 10b5-1 trading plan.
Leggett & Platt (LEG) EVP Robert S. Smith Jr. receives new stock grants
Robert S. Smith Jr., EVP and President of Specialized and FF&T at Leggett & Platt (LEG), received two equity awards of common stock on August 7, 2026. These grants totaled 341.4002 shares, with one award for 121.5054 shares at $8.1770 per share and another for 219.8948 shares at $7.6960 per share, recorded as direct ownership. This insider activity was reported on a Form 4 filing, providing transparency into executive compensation.
Leggett & Platt (LEG) EVP Jennifer Davis reports stock grant award
Leggett & Platt (LEG) EVP and General Counsel, Jennifer Joy Davis, reported the acquisition of 113.2738 shares of common stock through a grant/award on August 7, 2026. The shares were valued at $8.1770 each, increasing her direct holdings to 119,476.9931 shares. This transaction was compensation-related, not an open-market purchase or sale.
Leggett & Platt Inc. stock underperforms Monday when compared to competitors
Leggett & Platt Inc. (LEG) stock declined by 1.15% on Monday, closing at $9.46. This underperformance occurred during a generally poor trading session where the S&P 500 Index and Dow Jones Industrial Average also saw slight drops. The company's stock is currently trading 27.23% below its 52-week high of $13.00, reached on February 4th.
Leggett & Platt (LEG) Stock Flatlines As 6x P E Doubts Deepen
Leggett & Platt's stock closed flat despite its Q2 earnings report, leaving investors to debate if its 6x P/E ratio represents a bargain or a value trap. While the company reported positive net income, helped by a one-off gain, and maintained a reset dividend, revenue and EPS declined year-on-year, and bear concerns regarding weak demand and execution risks for the Somnigroup acquisition remain. The article highlights the contrasting bull and bear cases, suggesting the market is still processing the mixed signals.
Leggett & Platt (LEG) Stock Flatlines As 6x P E Doubts Deepen
Leggett & Platt (LEG) stock remained flat after its Q2 2026 earnings report, despite a 13% drop in the preceding month, leaving investors to ponder if its 6x P/E ratio represents a bargain or a value trap. The company's Q2 revenue declined 5.5% year-over-year, and net income fell 10.3%, though a one-off gain improved the net margin. The mixed results and ongoing acquisition progress suggest both bullish and bearish concerns persist regarding the company's financial stability and future growth.
Is Leggett & Platt (LEG) a Great Value Stock Right Now?
The article analyzes Leggett & Platt (LEG) as a potential value stock, highlighting its Zacks Rank #2 (Buy) and an "A" grade for Value. It points to favorable valuation metrics such as its P/E, P/S, and P/CF ratios compared to industry averages. The analysis suggests that LEG is currently undervalued and presents a strong investment opportunity based on its value characteristics and earnings outlook.
Sei Investments Co. Has $3.87 Million Stock Holdings in Leggett & Platt, Incorporated $LEG
Sei Investments Co. significantly increased its stake in Leggett & Platt, Incorporated by 79.4% in the first quarter, now holding 391,653 shares valued at approximately $3.87 million. Despite institutional ownership accounting for 64.23% of the stock, analysts maintain a "Hold" rating with a consensus price target of $11.33. Leggett & Platt exceeded Q2 earnings estimates with $0.39 EPS and declared a quarterly dividend of $0.05 per share.
How Investors Are Reacting To Leggett & Platt (LEG) Weaker Q2 Results And Lower Dividend
Leggett & Platt (LEG) reported weaker Q2 2026 results with lower sales and net income year-over-year, alongside a reduced dividend, indicating ongoing profitability pressures. The company's investment narrative is challenged by weak demand, margin pressure, and competitive discounting, despite potential benefits from tariffs and restructuring. Investors are evaluating the firm's ability to translate structural supports into earnings resilience, with fair value estimates for LEG varying widely.
Somnigroup and Leggett & Platt both see Q2 sales decline
Somnigroup International reported a 3% decline in Q2 2026 sales to $1,823.5 million, though net income increased by 12.0%. The company is proceeding with its $2.5 billion acquisition of Leggett & Platt, expected to close by Q3 2026. Separately, Leggett & Platt also announced a 6% decline in Q2 sales to $1.0 billion, citing weak demand and retailer merchandising changes, while progressing towards the merger.
Leggett & Platt Announces Financial Results for Second Quarter
Leggett & Platt reported its second-quarter 2026 financial results, with sales decreasing 6% and adjusted EPS increasing to $.39. The company cited challenging bedding industry conditions and soft demand in markets tied to housing and consumer spending. Leggett & Platt is also progressing with its planned merger with Somnigroup, expecting it to close after shareholder and regulatory approvals.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Leggett & Platt Inc. (LEG) stock declined by 6.34% to $9.60, marking its second consecutive day of losses. Despite this drop, the stock outperformed the broader market, as the S&P 500 Index fell 0.18% and the Dow Jones Industrial Average fell 0.85% on the same day.
LEGGETT & PLATT INC 2026: Revenue $999.7M, EPS $0.33— 10-Q Summary
LEGGETT & PLATT INC reported its 2026 quarterly results with revenue of $999.7M and diluted EPS of $0.33, both down from the prior year due to weak end-market demand and ongoing restructuring. The company is navigating a merger agreement, addressing tariffs, and implementing operational efficiency improvements. Financial highlights include a 5.5% drop in revenue, a 10.3% decrease in net income, and a 13.2% decline in diluted EPS year-over-year.
Leggett & Platt’s (NYSE:LEG) Q2 CY2026 Sales Top Estimates But Stock Drops
Leggett & Platt (NYSE:LEG) reported Q2 CY2026 revenue of $999.7 million, exceeding analyst estimates, although sales declined 5.5% year-on-year. The company's adjusted EPS of $0.39 significantly beat consensus estimates, yet the stock dropped 5.1% following the announcement. Despite beating estimates, the company faces challenges with declining long-term revenue growth and anticipated EPS shrinkage for the full year.
Somnigroup posts double-digit profit growth in Q2 as Leggett & Platt deal nears close
Somnigroup International Inc. reported a 12% increase in second-quarter net income to $110.9 million, despite a 3% dip in net sales. The company attributed some charges to the pending $2.5 billion acquisition of Leggett & Platt, which is on track to close by the end of Q3 2026. Somnigroup also revised its full-year 2026 adjusted EPS guidance and declared a quarterly dividend.
Somnigroup (LEG) plans $2.5B all-stock acquisition of Leggett & Platt, highlights key risks
Somnigroup International Inc. has signed a definitive agreement to acquire Leggett & Platt in an all-stock transaction valued at approximately $2.5 billion, including Leggett & Platt's existing debt. The deal is expected to close by the end of the third quarter of 2026, subject to shareholder and regulatory approvals. The companies have highlighted numerous risk factors, including regulatory outcomes, integration challenges, market conditions, and potential litigation, that could affect the realization of expected synergies and financial performance.
Earnings Flash (LEG) Leggett & Platt Incorporated Posts Q2 Adjusted EPS $0.39 per Share, vs. FactSet Est of $0.26
Leggett & Platt Incorporated (LEG) announced its Q2 adjusted EPS of $0.39 per share, surpassing FactSet's estimate of $0.26. This financial update indicates a stronger performance than anticipated by analysts. The article also mentions previous reports on the company's Q2 revenue and other recent corporate activities, including dividend announcements and an acquisition agreement.
Leggett & Platt Reports 2Q 2026 Results
Leggett & Platt announced its second-quarter 2026 results, with sales decreasing by 6% to $1.0 billion and adjusted EPS increasing to $0.39. The company noted challenges in the bedding industry and soft demand in markets tied to housing and consumer spending. Leggett & Platt is also progressing with its planned merger with Somnigroup, anticipating closure upon shareholder and regulatory approvals.
Leggett & Platt (LEG) Could Be 11% Undervalued After Its Dividend Affirmation
Leggett & Platt (LEG) recently affirmed a quarterly dividend of $0.05 per share, yet its stock price has declined over various periods, indicating fading long-term momentum. Despite this, a valuation narrative suggests the company is 10.9% undervalued, with a fair value of $11.50 per share, partly due to anticipated benefits from tariffs on imported bedding components. However, the stock faces clear risks from weak bedding demand and pricing pressure in other segments.
Leggett & Platt to report Q3 earnings with EPS forecast at $0.26 and strong dividend yield.
Leggett & Platt is anticipated to release its Q3 earnings on August 6, 2026, with analysts projecting an EPS of $0.26 and revenues around $983 million. The company exhibits a low P/E ratio of 6.33 and a P/S ratio of 0.35, suggesting it might be undervalued, alongside a strong current ratio of 2.33. Additionally, Leggett & Platt offers a quarterly dividend of $0.05 per share, translating to a substantial 15.74% earnings yield.
Leggett & Platt Inc. stock underperforms Wednesday when compared to competitors
Leggett & Platt Inc. (LEG) stock declined by 2.01% on Wednesday, closing at $10.25. This performance occurred during a mixed trading session where the Dow Jones Industrial Average rose by 0.49% and the S&P 500 Index fell by 0.17%. The drop ended a two-day winning streak for the company's stock.
Somnigroup (LEG) plans $2.5B all-stock acquisition of Leggett & Platt, highlights key risks
Somnigroup International Inc. is set to acquire Leggett & Platt, Incorporated in an all-stock transaction valued at approximately $2.5 billion, including Leggett & Platt's existing debt. The acquisition is expected to close by the end of the third quarter of 2026, pending shareholder and regulatory approvals. The filing emphasizes forward-looking expectations regarding synergies and financial performance, while also detailing numerous risk factors that could impact the actual results.
Leggett & Platt Announces Quarterly Dividend of $.05
Leggett & Platt (LEG) announced a quarterly dividend of $0.05. This information was released via Quantisnow, a platform providing real-time market data and news for retail investors. The announcement was quickly disseminated to Quantisnow Plus members.
Leggett & Platt Inc. stock outperforms competitors on strong trading day
Leggett & Platt Inc. (LEG) shares increased by 2.14% to $10.01 on Monday, marking a strong trading day for the company. This performance outpaced the broader market, with the S&P 500 Index rising 1.48% and the Dow Jones Industrial Average rising 1.32%. The rise also ended a five-day losing streak for the stock.
Leggett & Platt, Incorporated $LEG Shares Bought by Quantinno Capital Management LP
Quantinno Capital Management LP significantly increased its stake in Leggett & Platt (NYSE:LEG) by 22.7% in Q1, acquiring over 559,000 additional shares, bringing its total to 3.02 million shares or 2.22% of the company. Despite this, analysts maintain a cautious outlook with a consensus "Hold" rating and an average price target of $11.33, following the company's disappointing Q1 earnings which missed EPS and revenue estimates. Leggett & Platt also declared a quarterly dividend of $0.05, resulting in a 2.0% annualized yield.
Leggett & Platt Inc. stock outperforms competitors despite losses on the day
Leggett & Platt Inc. (LEG) stock declined by 2.20% to $9.80 on Friday, marking its fifth consecutive day of losses. Despite this, the stock's performance outpaced the broader market, which saw the S&P 500 Index rise by 0.70% and the Dow Jones Industrial Average increase by 0.53%.
Vanguard Portfolio Management (LEG) discloses 8.54M-share Leggett & Platt stake
Vanguard Portfolio Management has disclosed a beneficial ownership of 8,536,624 shares of Leggett & Platt common stock, representing 6.25% of the class. This includes sole voting power over 56,781 shares and sole dispositive power over all 8,536,624 shares. The holdings encompass securities managed by Vanguard funds and client accounts, with no other single person holding more than a 5% interest in these reported securities.
Leggett & Platt Incorporated : Read our Sustainability Report (2026 leggett platt sustainability progress report)
Leggett & Platt has released its 2026 Sustainability Progress Report, detailing its commitment to sustainability through five core pillars: Our People, Innovative Products, The Environment, Supply Chain Management, and Business Ethics and Governance. The report highlights efforts in employee development, safety, product lifecycle impact reduction, environmental stewardship, ethical sourcing, and strong corporate governance. It emphasizes the company's progress and future goals in creating long-term value for stakeholders.
