Tempur Sealy International, Inc. (NYSE:TPX) Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Tempur Sealy International, Inc. (NYSE:TPX) by 30.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,340 shares of the company’s stock after selling 174,544 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Tempur Sealy International worth $22,132,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in Tempur Sealy International by 2.0% in the 3rd 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 during the period. Darsana Capital Partners LP boosted its position in shares of Tempur Sealy International by 40.0% in the second 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 period. State Street Corp grew its holdings in shares of Tempur Sealy International by 0.6% during the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after buying an additional 28,991 shares in the last quarter. Linonia Partnership LP raised its position in Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after buying an additional 345,745 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Tempur Sealy International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after acquiring an additional 57,138 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Tempur Sealy International Price Performance

NYSE TPX opened at $56.01 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market capitalization of $9.73 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. Tempur Sealy International, Inc. has a 12-month low of $45.04 and a 12-month high of $58.44. The company has a 50 day moving average price of $53.55 and a two-hundred day moving average price of $51.57.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. Tempur Sealy International’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. As a group, equities analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is 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.