E Daily Stock: Leggett & Platt

The portfolio of stocks I started building on September 8, at a one stock per week pace for the next year, is named Vista.  I will select its sixteenth stock this weekend. Vista is the sixth portfolio I've built (at a one dividend dog per-week pace) since 2014. Six portfolios = VI for Vista!

Vista is planned to Look Ahead for Outstanding, Proven, Dividend Winners. (Like Aristocrats)

Today I'll review the third of four consumer cyclical sector stock candidates vying to be that sixteenth selection in Vista.

Today we look at a mid-cap furnishings, fixtures, and appliances manufacturing company named Leggett & Platt Inc. Its trading ticker symbol is LEG. This is my second report on Leggett & Platt Inc for Vista. I last reviewed this company on October 13th. Two months ago.

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

It operates its business through four segments: residential products, furniture products, industrial products, and specialized products. Its products include components and machinery, steel infrastructure, furniture, and fabricated components, and many other products. 

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

The company sells its products through sales representatives and distributors. 

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

I use three key data points to gauge dividend equities or funds like Leggett & Platt Inc:

(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 $41.29 yesterday. A year ago its price was $50.76. Price is down $9.47 or about 18.7% on the year.

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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 solicitation, ...

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