Principal Financial Group Inc. Trims Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Principal Financial Group Inc. reduced its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 30.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 405,340 shares of the company’s stock after selling 174,544 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Tempur Sealy International worth $22,132,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Tempur Sealy International during the first quarter worth about $26,000. UMB Bank n.a. lifted its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares during the period. Signaturefd LLC grew its stake in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Tempur Sealy International in the second quarter valued at approximately $56,000. Finally, J.Safra Asset Management Corp raised its stake in shares of Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after purchasing an additional 457 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Wedbush lifted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Trading Down 0.6 %

Shares of TPX stock opened at $55.34 on Thursday. The business’s fifty day moving average price is $51.43 and its 200 day moving average price is $50.66. The firm has a market capitalization of $9.61 billion, a PE ratio of 25.27, a P/E/G ratio of 2.04 and a beta of 1.60. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. Tempur Sealy International, Inc. has a 1-year low of $38.85 and a 1-year high of $57.13.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.