Leggett & Platt downgraded by Piper Sandler with a new price target
$LEG
Home Furnishings
Consumer Discretionary
Piper Sandler downgraded Leggett & Platt from Neutral to Underweight and set a new price target of $24.00 from $31.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $11.00 → $13.00 | Underweight → Neutral | Piper Sandler |
| 4/11/2023 | $39.00 → $34.00 | Buy → Neutral | Goldman |
| 12/12/2022 | $31.00 → $24.00 | Neutral → Underweight | Piper Sandler |
| 5/4/2022 | Outperform → Mkt Perform | Raymond James | |
| 2/9/2022 | $55.00 → $50.00 | Outperform | Raymond James |
| 11/3/2021 | $60.00 → $55.00 | Outperform | Raymond James |
Announces Subsequent Change to Full Year 2025 Guidance CARTHAGE, Mo., Aug. 29, 2025 /PRNewswire/ -- Leggett & Platt announced today it successfully completed the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The transaction is expected to result in after-tax proceeds of approximately $250 million. Proceeds will be used primarily to pay down debt and strengthen the Company's balance sheet and leverage ratio. This divestiture was part of the outcome of the strategic business review to identify and focus on businesses that align with the Company's long-term goals. The Aerospace Products Group is a supplier of complex, highly engineered tube and duct a
CARTHAGE, Mo., Aug. 7, 2025 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter of 2025. The dividend will be paid on October 15, 2025 to shareholders of record on September 15, 2025. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture compon
CARTHAGE, Mo., July 31, 2025 /PRNewswire/ -- 2Q sales of $1.1 billion, a 6% decrease vs 2Q242Q EPS of $.38, 2Q adjusted1 EPS of $.30, a $.01 increase vs adjusted1 2Q24 EPSStrengthened balance sheet primarily through debt reduction of $143 million during the quarter, leading to an improved net debt to 12-month trailing adjusted EBITDA1 ratio of 3.5xMaintained 2025 sales and adjusted EPS guidanceAmended credit facility agreement effective July 24, including extending the maturity to July 2030President and CEO Karl Glassman commented, "We are pleased to report another quarter of profitability improvement. We further strengthened our balance sheet by reducing debt and favorably amending our revo
8-K - LEGGETT & PLATT INC (0000058492) (Filer)
10-Q - LEGGETT & PLATT INC (0000058492) (Filer)
8-K - LEGGETT & PLATT INC (0000058492) (Filer)
Piper Sandler upgraded Leggett & Platt from Underweight to Neutral and set a new price target of $13.00 from $11.00 previously
Goldman downgraded Leggett & Platt from Buy to Neutral and set a new price target of $34.00 from $39.00 previously
Piper Sandler downgraded Leggett & Platt from Neutral to Underweight and set a new price target of $24.00 from $31.00 previously
4 - LEGGETT & PLATT INC (0000058492) (Issuer)
4 - LEGGETT & PLATT INC (0000058492) (Issuer)
4 - LEGGETT & PLATT INC (0000058492) (Issuer)
4 - LEGGETT & PLATT INC (0000058492) (Issuer)
4 - LEGGETT & PLATT INC (0000058492) (Issuer)
4 - LEGGETT & PLATT INC (0000058492) (Issuer)
SC 13G/A - LEGGETT & PLATT INC (0000058492) (Subject)
SC 13G/A - LEGGETT & PLATT INC (0000058492) (Subject)
SC 13G/A - LEGGETT & PLATT INC (0000058492) (Subject)
Announces Subsequent Change to Full Year 2025 Guidance CARTHAGE, Mo., Aug. 29, 2025 /PRNewswire/ -- Leggett & Platt announced today it successfully completed the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The transaction is expected to result in after-tax proceeds of approximately $250 million. Proceeds will be used primarily to pay down debt and strengthen the Company's balance sheet and leverage ratio. This divestiture was part of the outcome of the strategic business review to identify and focus on businesses that align with the Company's long-term goals. The Aerospace Products Group is a supplier of complex, highly engineered tube and duct a
CARTHAGE, Mo., Aug. 7, 2025 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter of 2025. The dividend will be paid on October 15, 2025 to shareholders of record on September 15, 2025. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture compon
CARTHAGE, Mo., July 31, 2025 /PRNewswire/ -- 2Q sales of $1.1 billion, a 6% decrease vs 2Q242Q EPS of $.38, 2Q adjusted1 EPS of $.30, a $.01 increase vs adjusted1 2Q24 EPSStrengthened balance sheet primarily through debt reduction of $143 million during the quarter, leading to an improved net debt to 12-month trailing adjusted EBITDA1 ratio of 3.5xMaintained 2025 sales and adjusted EPS guidanceAmended credit facility agreement effective July 24, including extending the maturity to July 2030President and CEO Karl Glassman commented, "We are pleased to report another quarter of profitability improvement. We further strengthened our balance sheet by reducing debt and favorably amending our revo
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
CARTHAGE, Mo., May 21, 2024 /PRNewswire/ -- Karl Glassman appointed President and CEO and will continue to serve as Board ChairmanMitch Dolloff resigned as President and CEO and a member of the BoardDiversified manufacturer Leggett & Platt announced that its Board of Directors has appointed Karl Glassman as President and Chief Executive Officer, effective immediately. Karl will continue to serve as Board Chairman. This follows the decision by Mitch Dolloff to resign as Chief Executive Officer and a member the Board, also effective immediately, having mutually agreed with the Board that now is the right time for a change in leadership at Leggett & Platt. Mitch will serve in a consulting capac
CARTHAGE, Mo., June 22, 2023 /PRNewswire/ -- Diversified manufacturer Leggett & Platt announced that its Board of Directors appointed Benjamin M. Burns as Executive Vice President and Chief Financial Officer effective June 21, 2023. Ben replaces Jeffrey L. Tate, who departed from his position effective the same day. President and CEO Mitch Dolloff commented, "I am pleased to announce that Ben Burns will serve as CFO. He is a 20-year veteran of Leggett & Platt who brings tremendous business, financial, accounting and auditing capabilities, and has proven himself an outstanding leader. We have worked closely together, and I have absolute confidence in his ability to successfully lead our finan