Leggett and Platt, Inc. (LEG) designs and produces engineered components and products used in homes, offices, automobiles, airplanes and retail stores. LEG is usually associated with the Consumer Goods Sector of the market and is in the Home Furnishings and Fixtures Industry. LEG operates in the following 4 major commercial segments.
1. Residential furnishings - LEG manufactures bedding and furniture components, adjustable bed bases and ornamental beds, fabrics, and carpet cushioning.
2. Commercial fixtures and components - LEG designs and produces store fixtures used by retailers. In addition, Leggett produces chair controls, bases and other components for office furniture manufacturers, including shelving, racks, display cases, chair controls and chair bases
3. Industrial materials - LEG produces drawn steel wire and welded steel tubing for bedding and furniture makers, mechanical spring producers, and automotive seat manufacturers.
4. Specialized products - LEG manufactures lumbar systems and other automotive seating components, service van interiors, wire forming, quilting, and automation machinery.
LEG's Revenue, Earnings Estimates and Dividend History are listed below.
1. Residential furnishings - LEG manufactures bedding and furniture components, adjustable bed bases and ornamental beds, fabrics, and carpet cushioning.
2. Commercial fixtures and components - LEG designs and produces store fixtures used by retailers. In addition, Leggett produces chair controls, bases and other components for office furniture manufacturers, including shelving, racks, display cases, chair controls and chair bases
3. Industrial materials - LEG produces drawn steel wire and welded steel tubing for bedding and furniture makers, mechanical spring producers, and automotive seat manufacturers.
4. Specialized products - LEG manufactures lumbar systems and other automotive seating components, service van interiors, wire forming, quilting, and automation machinery.
LEG's Revenue, Earnings Estimates and Dividend History are listed below.
| Revenue Estimates 2012 Revenue $3.72B 2013 Revenue $3.74B 2014 Revenue $3.88B | Earnings Estimates 2012 Earnings per Share $1.70 2013 Earnings per Share $1.54 2014 Earnings per Share $1.71 | Dividend History 2009 Dividend $1.02 2010 Dividend $1.06 2011 Dividend $1.10 2012 Dividend $1.14 2013 Dividend $1.18 |
LEG is a member of the Dividend Aristocrats and has produced 41 years of consecutive dividend increases. It has a forward projected dividend of $1.20 and when compared with today’s closing price of $29.62 results in a forward yield of 4.05% (by comparison the 5 Year Average Yield is 5.10%). With a one year expected price target of $31.33, capital gains would result in an approximate 5.77% gain. Together the total expected one year return on LEG would be approximately 9.82%.
Other parameters of interest are a PE Ratio of 16.51, a PEG Ratio 1.30 (based upon an assumed growth rate of 12.7%), and a Payout Ratio of 67.05% in 2012 and 76.62% in 2013.
Note: Information for this article was gathered from multiple sources including Yahoo! Finance and Leggett and Platt's company website at www.leggett.com.
Other parameters of interest are a PE Ratio of 16.51, a PEG Ratio 1.30 (based upon an assumed growth rate of 12.7%), and a Payout Ratio of 67.05% in 2012 and 76.62% in 2013.
Note: Information for this article was gathered from multiple sources including Yahoo! Finance and Leggett and Platt's company website at www.leggett.com.
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