SCHEDULE 13G/A: BlackRock Amends Leggett & Platt Stake, Disclosing 14.8% Beneficial Ownership
Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, revealing a 14.8% beneficial ownership stake in Leggett and Platt Inc. common stock.
Summary
- BlackRock, Inc. reported beneficial ownership of 20,040,670 shares of Leggett and Platt Inc. common stock.
- This ownership represents 14.8% of the total outstanding common stock.
- BlackRock holds sole voting power over 19,709,199 shares and sole dispositive power over 20,040,670 shares.
- No shared voting or dispositive power was reported.
- The filing is Amendment No. 4 to a previously filed Schedule 13G.
- iShares Core S&P Small-Cap ETF, an entity within BlackRock, holds more than 5% of the total outstanding common stock of Leggett and Platt Inc.
Sentiment
Score: 5
Explanation: Neutral. A Schedule 13G is a factual disclosure of ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.
Industry Context
This filing reflects a significant institutional ownership stake by BlackRock, a major global asset manager, in Leggett and Platt Inc. Such large passive stakes are common for companies included in major indices, as BlackRock manages numerous index funds and ETFs.
Stakeholder Impact
- This disclosure confirms BlackRock's significant influence as a major shareholder, potentially impacting voting matters and corporate governance decisions at Leggett and Platt Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | New Power of Attorney executed by BlackRock, Inc. |
| 2025-06-30 | Date of event which required the filing of this statement (reporting period end date). |
| 2025-07-17 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Keywords
BlackRock, Leggett and Platt, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure, 524660107
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