Brown Brothers Harriman & Co. Takes Position in Tempur Sealy International, Inc. (NYSE:TPX)

Brown Brothers Harriman & Co. bought a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,091 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International in the 4th quarter worth $40,000. Dimensional Fund Advisors LP raised its position in Tempur Sealy International by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock worth $101,699,000 after acquiring an additional 31,789 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Tempur Sealy International by 60.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,657 shares of the company’s stock valued at $900,000 after acquiring an additional 6,639 shares during the last quarter. Norges Bank bought a new position in shares of Tempur Sealy International during the 4th quarter valued at about $121,329,000. Finally, Commerce Bank boosted its position in shares of Tempur Sealy International by 5.9% during the 4th quarter. Commerce Bank now owns 11,733 shares of the company’s stock valued at $598,000 after purchasing an additional 651 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 0.2 %

Shares of NYSE:TPX opened at $52.97 on Thursday. The firm has a fifty day moving average of $50.74 and a two-hundred day moving average of $51.05. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a 12-month low of $36.12 and a 12-month high of $57.13. The firm has a market capitalization of $9.20 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.58 EPS. Tempur Sealy International’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts expect that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s payout ratio is presently 25.74%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TPX shares. Truist Financial reduced their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, September 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.71.

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.