Artemis Investment Management LLP Acquires New Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Artemis Investment Management LLP acquired a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 124,561 shares of the company’s stock, valued at approximately $7,076,000. Artemis Investment Management LLP owned approximately 0.07% of Tempur Sealy International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Michigan Retirement System raised its stake in shares of Tempur Sealy International by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock valued at $2,107,000 after purchasing an additional 200 shares in the last quarter. Natixis Advisors L.P. raised its position in Tempur Sealy International by 0.8% in the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after acquiring an additional 256 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in Tempur Sealy International by 2.4% in the fourth quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock worth $665,000 after acquiring an additional 306 shares in the last quarter. GAMMA Investing LLC raised its position in Tempur Sealy International by 13.9% in the first quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock worth $150,000 after acquiring an additional 322 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Tempur Sealy International by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 73,280 shares of the company’s stock worth $3,176,000 after acquiring an additional 380 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TPX shares. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Wedbush reissued an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a research note on Thursday, June 20th. Finally, Truist Financial lifted their price target on Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Trading Up 2.9 %

NYSE:TPX opened at $47.33 on Friday. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The stock’s 50-day moving average is $50.18 and its two-hundred day moving average is $51.22. The stock has a market cap of $8.22 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. Tempur Sealy International’s payout ratio is 25.74%.

About Tempur Sealy International

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.