Previous Close | $9.89 |
AI Value | $30.50 |
Upside potential | +208% |
Leggett & Platt, Incorporated (LEG) is a diversified manufacturer that designs and produces engineered components and products for various industries, including residential, industrial, and automotive markets. The company operates through three primary segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. Leggett & Platt is a market leader in bedding components, such as innersprings and adjustable beds, and holds a strong position in industrial products like automotive seating systems and aerospace tubing. Its competitive advantages include a long-standing reputation for quality, a diversified product portfolio, and a global manufacturing footprint that enhances supply chain resilience.
Holds over 1,000 patents, with R&D focused on advanced materials and ergonomic designs for bedding and automotive applications.
Leggett & Platt offers steady cash flows and dividend growth (49 consecutive years of increases), supported by its diversified business model. However, margin pressures from input costs and competitive threats warrant caution. The stock is suitable for income-focused investors with moderate risk tolerance.
Leggett & Platt 2022 10-K, Q3 2023 Earnings Transcript, Investor Presentation (September 2023), Bloomberg Intelligence.
Historical valuation data is not available at this time.