LEG Leggett & Platt Incorporated
Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring & Textile, and Specialized Products. The Bedding Products segment supplies of products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless steel tubing for the aerospace industry, and serve the construction market with hydraulic cylinders group. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.
Company profile
Ticker
LEG
Exchange
Website
CEO
Karl G. Glassman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
440324630
LEG stock data
()
Investment data
Securities sold
Number of investors
Calendar
5 Nov 20
27 Nov 20
31 Dec 20
News
Financial summary
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| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 20 Nov 20 | J Mitchell Dolloff | Common Stock | Grant | Aquire A | No | 34.768 | 106.526 | 3.7K | 167,730.513 |
| 20 Nov 20 | J Mitchell Dolloff | Common Stock | Grant | Aquire A | No | 36.941 | 34.924 | 1.29K | 167,623.987 |
| 20 Nov 20 | Scott S Douglas | Common Stock | Grant | Aquire A | No | 34.768 | 21.305 | 740.74 | 49,544.845 |
| 20 Nov 20 | Scott S Douglas | Common Stock | Grant | Aquire A | No | 36.941 | 21.909 | 809.34 | 49,523.54 |
| 20 Nov 20 | Karl G Glassman | Common Stock | Grant | Aquire A | No | 34.768 | 932.814 | 32.43K | 608,721.309 |
| 20 Nov 20 | Karl G Glassman | Common Stock | Grant | Aquire A | No | 36.941 | 62.254 | 2.3K | 607,788.496 |
| 20 Nov 20 | Steven K Henderson | Common Stock | Grant | Aquire A | No | 34.768 | 70.356 | 2.45K | 32,156.796 |
| 20 Nov 20 | Steven K Henderson | Common Stock | Grant | Aquire A | No | 36.941 | 26.074 | 963.18 | 32,086.439 |
| 20 Nov 20 | Susan R Mccoy | Common Stock | Grant | Aquire A | No | 36.941 | 11.888 | 439.15 | 22,922.49 |
Institutional ownership Q3 2020
71.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 437 |
| Opened positions | 81 |
| Closed positions | 64 |
| Increased positions | 127 |
| Reduced positions | 157 |
13F shares |
Current |
|---|---|
| Total value | 24.85B |
| Total shares | 95.25M |
| Total puts | 443.7K |
| Total calls | 482K |
| Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 14.01M | $576.98M |
| STT State Street | 12.7M | $527.89M |
| BLK BlackRock | 10.44M | $429.7M |
| Charles Schwab Investment Management | 4.92M | $202.49M |
| ProShare Advisors | 2.62M | $107.8M |
| Geode Capital Management | 2.29M | $94.17M |
| PUK Prudential | 2.29M | $94.07M |
| BK Bank of New York Mellon | 2.15M | $88.42M |
| USB U.S. Bancorp | 1.96M | $80.77M |
| Epoch Investment Partners | 1.74M | $71.76M |
Financial report summary
?Competition
ITCRisks
- The coronavirus named COVID-19, which was first detected in China, could adversely impact our operations’ ability to obtain necessary supplies, maintain appropriate labor levels and ship finished products to customers which could negatively impact our results of operations and cash flow.
- Climate change laws and related regulations could negatively impact the Company’s business, capital expenditures, results of operations, financial condition and competitive position.
- Regulator, shareholder and customer focus on environmental, social and governance responsibility could expose us to additional costs or risks and adversely impact our business, the market value of our stock and our results of operations.
Management Discussion
- Trade Sales were $1,207.6 million in the current quarter, a 3% decrease versus the third quarter 2019. Organic sales decreased 3%, with volume down 3%. Business we exited in connection with the 2018 Restructuring Plan accounted for 1% of
- the decline. Raw material-related selling price decreases were offset by currency benefit and acquisitions were offset by divestitures in the quarter.
- Earnings Per Share (EPS) increased to $.77 in the current quarter, versus $.74 in the third quarter of 2019, primarily from fixed cost reductions partially offset by lower trade sales volume and a change in LIFO impact.
Content analysis
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| Positive | ||
| Negative | ||
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| Legalese | ||
| Litigous | ||
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H.S. freshman Good
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New words:
advocacy, aluminum, assortment, attention, automatic, California, carbon, cessation, circumvent, climate, coast, computerized, congested, constantly, consumption, Cooperation, criminal, Croatia, cyclical, deferral, delay, depressed, devalue, dioxide, diversity, economy, effort, emit, enacted, enactment, enforce, enforcement, ESG, ethical, ethically, failure, feasible, fleet, frame, freight, frequently, gas, greenhouse, hampered, hire, hospitality, impede, inclusion, inconsistent, increasingly, infrastructure, inherent, inhibit, investigation, investor, jurisdiction, leave, led, lender, lesser, local, mandate, misappropriated, modest, multinational, network, neutral, Parliament, Poland, prepayment, proposed, publish, reform, reinstitute, resolution, retaliation, retention, rose, scrutiny, sharp, shortage, size, steep, subsidization, suggest, supplier, tractor, transshipment, vendor, visibility, warming, west
Removed:
administratively, Canada, combination, correctly, covering, disputing, electricity, Extraordinary, Georgia, governing, headquartered, improperly, instability, isolated, Newnan, penalty, rendered, separate, settle, situation, Tranche, war
Financial reports
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
3 Aug 18
Current reports
8-K
Leggett & Platt Reports Record Eps In 3Q and Announces 4Q Dividend
2 Nov 20
8-K
Leggett & Platt Reports 2Q Results and Announces 3Q Dividend
3 Aug 20
8-K
Departure of Directors or Certain Officers
30 Jun 20
8-K
Departure of Directors or Certain Officers
18 May 20
8-K
Leggett Announces Dividend, Annual Meeting Results
15 May 20
8-K
Entry into a Material Definitive Agreement
7 May 20
8-K
Leggett & Platt Reports 1Q Results ANDCOVID-19 Impacts
4 May 20
8-K
Departure of Directors or Certain Officers
14 Apr 20
8-K
Regulation FD Disclosure
3 Apr 20
8-K
Leggett & Platt Provides Update In Response TOCOVID-19 Impact
2 Apr 20
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Aug 19
424B2
Prospectus for primary offering
5 Mar 19
FWP
Free writing prospectus
4 Mar 19
424B5
Prospectus supplement for primary offering
4 Mar 19
15-15D
Suspension of duty to report
17 Jan 19
15-15D
Suspension of duty to report
17 Jan 19
S-8 POS
Registration of securities for employees (post-effective amendment)
15 Jan 19
S-8 POS
Registration of securities for employees (post-effective amendment)
15 Jan 19
S-8
Registration of securities for employees
6 Nov 18
S-3ASR
Automatic shelf registration
13 Mar 18
Proxies
DEF 14A
Definitive proxy
31 Mar 20
DEF 14A
Definitive proxy
26 Mar 19
DEF 14A
Definitive proxy
28 Mar 18
DEF 14A
Definitive proxy
30 Mar 17
DEF 14A
Definitive proxy
30 Mar 16
DEF 14A
Definitive proxy
25 Mar 15
DEF 14A
Definitive proxy
25 Mar 14
DEF 14A
Definitive proxy
28 Mar 13
DEF 14A
Definitive proxy
30 Mar 12
DEF 14A
Definitive proxy
30 Mar 11
Other
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
15 May 19
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
12 Jun 17
CORRESP
Correspondence with SEC
5 Jun 17
SD
Conflict minerals disclosure
26 May 17
UPLOAD
Letter from SEC
24 May 17
SD
Conflict minerals disclosure
27 May 16
UPLOAD
Letter from SEC
22 Jun 15
CORRESP
Correspondence with SEC
17 Jun 15
Ownership
4
LEGGETT & PLATT / TAMMY M TRENT ownership change
23 Nov 20
4
LEGGETT & PLATT / Jeffrey L. Tate ownership change
23 Nov 20
4
LEGGETT & PLATT / SUSAN R MCCOY ownership change
23 Nov 20
4
LEGGETT & PLATT / STEVEN K HENDERSON ownership change
23 Nov 20
4
LEGGETT & PLATT / KARL G GLASSMAN ownership change
23 Nov 20
4
LEGGETT & PLATT / Scott S Douglas ownership change
23 Nov 20
4
LEGGETT & PLATT / J MITCHELL DOLLOFF ownership change
23 Nov 20
4
LEGGETT & PLATT / TAMMY M TRENT ownership change
9 Nov 20
4
LEGGETT & PLATT / Jeffrey L. Tate ownership change
9 Nov 20
4
LEGGETT & PLATT / SUSAN R MCCOY ownership change
9 Nov 20
Patents
APP
Utility
Zero-wall Clearance Linkage Mechanism with Power Seat Drive
26 Nov 20
A metal-to-the-floor linkage mechanism provides backrest recline and ottoman extension for a seating unit.
APP
Utility
Zero-wall Clearance Linkage Mechanism with Power Seat Drive
26 Nov 20
A metal-to-the-floor linkage mechanism provides backrest recline and ottoman extension for a seating unit.
APP
Utility
Adjustment Mechanism for Motorized Multi-way Seat Adjustment
26 Nov 20
An adjustment mechanism for a seat comprises at least one screw shaft (111, 112) and a motor for driving the at least one screw shaft (111, 112).
APP
Utility
Method of Replacing Rolls for Introduction Into A Quilter and Apparatus For Practicing Method
26 Nov 20
An apparatus for replacing a roll of material with a replacement roll of material comprises a loading station and multiple feed stations downstream of the loading station.
APP
Utility
Apparatus For Replacing Rolls For Introduction Into A Quilter
26 Nov 20
An apparatus for replacing a roll of material with a replacement roll of material comprises a loading station and multiple feed stations downstream of the loading station.