JPMorgan Chase & Co. Sells 37,729 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

JPMorgan Chase & Co. reduced its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 7.5% in the third quarter, Holdings Channel reports. The institutional investor owned 463,674 shares of the company’s stock after selling 37,729 shares during the period. JPMorgan Chase & Co.’s holdings in Tempur Sealy International were worth $25,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Darsana Capital Partners LP increased its stake in shares of Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Wellington Management Group LLP purchased a new position in Tempur Sealy International during the third quarter valued at $73,981,000. Eminence Capital LP grew its holdings in Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after purchasing an additional 857,478 shares during the period. Point72 Asset Management L.P. purchased a new stake in Tempur Sealy International in the second quarter worth about $37,278,000. Finally, Linonia Partnership LP raised its stake in shares of Tempur Sealy International by 17.1% in the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after buying an additional 548,004 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TPX shares. Raymond James cut their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush upped 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Stock Down 0.9 %

Shares of TPX opened at $55.02 on Wednesday. The business’s 50 day moving average is $54.77 and its 200 day moving average is $52.06. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 12-month low of $45.04 and a 12-month high of $58.44. The company has a market capitalization of $9.55 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63.

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. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is currently 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.