Wealth Enhancement Advisory Services LLC Buys 345 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,055 shares of the company’s stock after purchasing an additional 345 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Tempur Sealy International were worth $276,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the period. Brooklyn Investment Group bought a new position in shares of Tempur Sealy International during the third quarter valued at approximately $27,000. Versant Capital Management Inc increased its holdings in shares of Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after acquiring an additional 482 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Tempur Sealy International during the third quarter valued at about $48,000. Finally, Farther Finance Advisors LLC boosted its stake in Tempur Sealy International by 38.1% in the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares in the last quarter. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Stock Up 0.1 %

TPX stock opened at $59.62 on Friday. Tempur Sealy International, Inc. has a 12 month low of $45.04 and a 12 month high of $60.16. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.77 and a beta of 1.63. The firm has a 50-day moving average of $55.85 and a two-hundred day moving average of $52.53.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.77 EPS. Tempur Sealy International’s revenue was up 1.8% on a year-over-year basis. As a group, analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

Analyst Ratings Changes

Several brokerages recently commented on TPX. Wedbush increased their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Truist Financial increased their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Raymond James reduced their target price 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $61.50.

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.