Leggett & Platt, Incorporated Website

Leggett & Platt, Incorporated

NYSE-LEG

Company Overview

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.

  • Name

    Leggett & Platt, Incorporated

  • CEO

    Karl G. Glassman

  • Website

    www.leggett.com

  • Sector

    Household Durables

  • Year Founded

    1883

Company Statistics

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What's happening

Nov 13, 2025 - Dec 13, 2025

Leggett & Platt Inc. Surges Amid Acquisition Buzz and Analyst Upgrades

  • Somnigroup International proposed an all-stock acquisition of Leggett & Platt at $12 per share, significantly boosting investor confidence.
  • Piper Sandler analyst raised LEG's price target from $10 to $12, indicating a more favorable outlook for the stock.
  • Despite some bearish moments due to unsolicited takeover proposals, overall sentiment remained positive throughout the month.

Over the past month, Leggett & Platt Inc. (LEG) experienced a remarkable price movement of 28.5%, significantly outperforming the S&P 500, which saw a slight decline of 0.2%. This strong performance was largely driven by several bullish developments that occurred during this period.

The most pivotal event took place on December 1 when Somnigroup International Inc. announced an all-stock acquisition proposal for LEG at $12 per share, representing a substantial premium over its recent trading prices and valuing the company at approximately $1.6 billion. The offer promised shareholders participation in future growth on a tax-deferred basis pending customary closing conditions and shareholder approval, leading to multiple days of strong gains in LEG shares following this announcement.

On December 11, Piper Sandler analyst Peter Keith raised his price target for LEG from $10 to $12 while maintaining a Neutral rating; this adjustment enhanced investor sentiment towards the stock as it indicated an improved outlook compared to previous assessments and contributed positively to LEG’s upward trajectory during this timeframe.

However, there were bearish moments as well; notably on December 2 when Leggett & Platt confirmed receipt of an unsolicited takeover proposal that initially caused uncertainty among investors and led to minor declines in share value that day. Despite these fluctuations driven by external proposals and market reactions, overall sentiment remained predominantly positive throughout the month due to favorable acquisition discussions.

Leggett & Platt Inc outperformed both the S&P 500 by approximately 28.7% relative performance over one month and outperformed the Consumer Discretionary (XLY) sector by 77.8%.

NYSE:LEG