Leggett & Platt (LEG) CEO Karl Glassman Buys $2.5K of Stock

Karl Glassman, the President and CEO of Leggett & Platt, Incorporated, recently bought 249 shares of his company at an average price of $9.92 each. This transaction, which occurred on June 26, 2026, totaled approximately $2,470.08. Glassman's purchase was not part of a pre-arranged trading plan.

Insider Buying and Selling at Leggett & Platt, Incorporated

Several other insiders at Leggett & Platt also made purchases on June 26, 2026. Jennifer Joy Davis, EVP and General Counsel, bought 93 shares at $9.92. James Tyson Hagale, EVP and President of Bedding Products, acquired 368 shares at $9.52. Ryan Michael Kleiboeker, EVP and Chief Strategic Planning Officer, bought 78 shares at $9.92. Benjamin Michael Burns, the CFO, purchased 113 shares at the same price. Lastly, Robert Smith Jr., EVP and President of Specialty and FF&T, and Lindsey Nicole Odaffer, EVP and Chief HR Officer, bought 281 shares at $9.55 and 74 shares at $9.92, respectively. None of these transactions were pre-planned.

Leggett & Platt, Incorporated Stock Up 24.9%

Shares of Leggett & Platt (NYSE:LEG) traded near $11.67 on Monday. The company boasts a market capitalization of approximately $1.59 billion and a P/E ratio of 7.25. With a beta of 0.76, the stock has a 52-week range between $7.86 and $13.00. Its 50-day moving average is $10.55, while the 200-day moving average is $10.48. The company maintains a current ratio of 2.33 and a quick ratio of 1.38, with a debt-to-equity ratio of 158.50.

Analysts Set New Price Targets

On May 8, 2026, Truist Securities maintained its hold rating on Leggett & Platt with a price target of $11.00. Piper Sandler previously maintained a hold rating with a target of $12.00 on December 11, 2025. The consensus among analysts is a hold recommendation, with a mean target price of $11.50, based on two analyst opinions.

About Leggett & Platt

Leggett & Platt, Incorporated designs and manufactures a range of engineered components and products. The company operates in the furnishings, fixtures, and appliances industry, serving markets across the United States, Europe, China, and other regions. Its product lineup includes steel rods, innersprings, specialty foams, and bedding components. The company also provides lumbar support systems for automotive seating and other industrial applications. Founded in 1883, Leggett & Platt is headquartered in Carthage, Missouri, and employs approximately 15,900 people.

Bottom Line

Karl Glassman's recent purchase of Leggett & Platt shares underscores his confidence in the company. Investors often watch insider transactions for insight into how company leaders perceive future prospects. While insider buying can suggest optimism, these transactions are just one piece of the puzzle. It's important to remember that these filings reflect past actions and may not indicate current positions.