Intech Investment Management LLC Purchases Shares of 64,869 Tempur Sealy International, Inc. (NYSE:TPX)

Intech Investment Management LLC acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 64,869 shares of the company’s stock, valued at approximately $3,071,000.

Several other institutional investors have also recently modified their holdings of TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International in the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Tempur Sealy International in the 1st quarter valued at $27,000. Principal Securities Inc. purchased a new stake in shares of Tempur Sealy International in the 4th quarter valued at $40,000. Signaturefd LLC increased its stake in shares of Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the period. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International during the second quarter worth $56,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 1.7 %

TPX stock opened at $53.77 on Monday. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. The firm has a market cap of $9.34 billion, a P/E ratio of 26.62, a PEG ratio of 2.20 and a beta of 1.59. The company’s 50-day simple moving average is $51.07 and its 200-day simple moving average is $51.04.

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

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s payout ratio is presently 25.74%.

Wall Street Analyst Weigh In

Several research firms have commented on TPX. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Wednesday, September 4th. Finally, Truist Financial reduced their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.