Diversified Trust Co Cuts Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Diversified Trust Co lessened its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,699 shares of the company’s stock after selling 8,982 shares during the period. Diversified Trust Co’s holdings in Tempur Sealy International were worth $2,331,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Tempur Sealy International by 19.3% during the third quarter. GAMMA Investing LLC now owns 3,340 shares of the company’s stock worth $182,000 after buying an additional 541 shares in the last quarter. Handelsbanken Fonder AB lifted its position in Tempur Sealy International by 23.1% in the third quarter. Handelsbanken Fonder AB now owns 47,920 shares of the company’s stock valued at $2,616,000 after buying an additional 9,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tempur Sealy International by 56.0% during the third quarter. SG Americas Securities LLC now owns 21,024 shares of the company’s stock worth $1,148,000 after purchasing an additional 7,547 shares in the last quarter. Coronation Fund Managers Ltd. lifted its position in shares of Tempur Sealy International by 28.6% during the second quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock worth $5,612,000 after purchasing an additional 26,392 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in Tempur Sealy International in the second quarter valued at approximately $21,797,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TPX has been the topic of several recent analyst reports. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Wednesday, September 4th. Truist Financial lowered their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. One equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Trading Down 1.5 %

Tempur Sealy International stock opened at $52.24 on Tuesday. The stock has a market cap of $9.07 billion, a PE ratio of 25.86, a P/E/G ratio of 2.31 and a beta of 1.59. The stock has a 50-day moving average price of $51.54 and a 200 day moving average price of $51.00. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92.

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

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Tempur Sealy International 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.