UMB Bank n.a. Acquires 337 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

UMB Bank n.a. raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 72.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 805 shares of the company’s stock after purchasing an additional 337 shares during the quarter. UMB Bank n.a.’s holdings in Tempur Sealy International were worth $46,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HB Wealth Management LLC bought a new stake in Tempur Sealy International during the 4th quarter valued at about $246,000. Argent Capital Management LLC boosted its holdings in shares of Tempur Sealy International by 9.6% in the fourth quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock valued at $4,201,000 after purchasing an additional 6,498 shares during the period. PSI Advisors LLC grew its stake in Tempur Sealy International by 240.0% in the fourth quarter. PSI Advisors LLC now owns 1,700 shares of the company’s stock worth $96,000 after purchasing an additional 1,200 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Tempur Sealy International during the 4th quarter worth $994,000. Finally, Matrix Trust Co purchased a new position in Tempur Sealy International during the 4th quarter worth $156,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 0.5 %

NYSE:TPX opened at $59.97 on Friday. The firm has a 50 day moving average of $56.36 and a 200 day moving average of $53.05. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 52 week low of $45.04 and a 52 week high of $61.60. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.94 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

Analyst Ratings Changes

TPX has been the topic of a number of recent research reports. Raymond James dropped their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Wedbush raised their target price 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. Finally, Truist Financial upped their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.