E Daily Stock Analysis: Leggett & Platt

Today we look at mid-cap furniture, fixtures, and appliances company named Leggett & Platt Inc. Its trading ticker symbol is LEG. This is my third report on Leggett & Platt Inc for this portfolio. I reviewed it on October 13th and December 23rd last year.

Leggett & Platt designs and produces engineered components and products found in homes, offices, retail stores, automobiles, and commercial aircraft. 

It operates through three segments: Bedding Products; Furniture, Flooring & Textile Products; and Specialized Products

The company operates all around the world, with bedding products and specialized product segments contributing heavily to the company’s revenue.

Specifically, the company offers innerspring, wire forms, specialty foams, and machines to shape wire into various types of innersprings; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and hard surface flooring underlayment, and geo components to manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies; flooring retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components.

The company sells its products through sales representatives and distributors. 

Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

Three key data points gauge dividend equities or funds like Leggett & Platt, Incorporated:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

LEG Price

Leggett & Platt's price per share closed at $42.17 yesterday. A year ago its price was $45.06. Price per share fell $2.89 or about 6.4% this past year. 

If Leggett & Platt's stock trades in the range of $24 to $48 this next year, its recent $42.17 price might rise by $3.83 to reach $46.00 by February 17, 2022. That's a little below the analyst expectation for 2022.

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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