Raymond E. Scott, serving as President and Chief Executive Officer of Lear Corp (NASDAQ: LEA), completed a series of stock transactions on June 24, 2026. These actions resulted in the divestment of 50,000 shares of the company's common stock. The aggregate value of these sales reached approximately $6,768,451. The weighted average price per share across these transactions ranged from $134.441 to $137.211.
Breaking down the specific dispositions, Mr. Scott sold 16,316 shares at a weighted average price of $134.441. These particular shares were liquidated through multiple transactions, with individual prices varying between $133.948 and $134.945. Subsequently, 22,454 shares were sold at a weighted average price of $135.402. The individual transaction prices for this portion ranged from $134.95 to $135.94.
Further transactions involved the sale of 7,884 shares at a weighted average price of $136.414. The prices for these specific transactions ranged from $135.95 to $136.945. The final portion of the sale consisted of 3,346 shares, which were sold at a weighted average price of $137.211. The individual prices for these shares ranged from $136.963 to $137.50. Following these direct transactions, Mr. Scott's remaining holding in Lear Corp common stock stands at 49,789 shares.
This insider sale occurs as Lear's stock has demonstrated robust performance, gaining nearly 50% over the past year. The stock is currently trading at $138.22. The company's shares trade at a price-to-earnings ratio of 13.71. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value. This assessment places Lear among the stocks featured on the platform's most undervalued list. Investors seeking deeper insights can access comprehensive analysis through LEA's Pro Research Report, available for this and 1,400+ other US equities.
In other recent developments, Lear Corporation reported its first-quarter 2026 earnings. The company exceeded analysts' expectations for earnings per share but slightly missed revenue forecasts. Lear posted an EPS of $3.87, surpassing the projected $3.47, which represents an 11.53% surprise. Revenue for the quarter was $5.8 billion, falling short of the anticipated $5.85 billion, marking a 0.85% miss.
Additionally, Lear Corporation announced that its board of directors declared a quarterly cash dividend of $0.77 per share on its common stock. This dividend is scheduled to be payable on June 23, 2026, to shareholders of record as of June 3, 2026. These developments highlight Lear's ongoing financial activities and shareholder returns.