Tempur Sealy International, Inc. (NYSE:TPX) Position Lifted by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,546 shares of the company’s stock after acquiring an additional 519 shares during the period. HighTower Advisors LLC’s holdings in Tempur Sealy International were worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TPX. FMR LLC grew its stake in Tempur Sealy International by 2.0% in the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after purchasing an additional 169,848 shares in the last quarter. Darsana Capital Partners LP lifted its holdings in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the last quarter. Linonia Partnership LP grew its position in shares of Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after acquiring an additional 345,745 shares in the last quarter. Eminence Capital LP grew its position in shares of Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after acquiring an additional 857,478 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after acquiring an additional 224,955 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

TPX has been the topic of several research analyst reports. Raymond James reduced their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $57.86 on Friday. Tempur Sealy International, Inc. has a 1-year low of $45.04 and a 1-year high of $58.44. The firm has a market capitalization of $10.05 billion, a PE ratio of 26.42, a P/E/G ratio of 2.12 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The business’s fifty day moving average price is $52.80 and its two-hundred day moving average price is $51.26.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data 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. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. On average, research analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.90%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Tempur Sealy International 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.