Blue Trust Inc. Grows Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Blue Trust Inc. raised its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 55.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,766 shares of the company’s stock after purchasing an additional 1,337 shares during the quarter. Blue Trust Inc.’s holdings in Tempur Sealy International were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TPX. Sei Investments Co. raised its position in shares of Tempur Sealy International by 24.5% during the second quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock valued at $1,134,000 after buying an additional 4,713 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Tempur Sealy International during the second quarter valued at about $426,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Tempur Sealy International by 8.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,552 shares of the company’s stock worth $500,000 after purchasing an additional 821 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tempur Sealy International by 56.0% in the third quarter. SG Americas Securities LLC now owns 21,024 shares of the company’s stock worth $1,148,000 after buying an additional 7,547 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Tempur Sealy International by 23.1% during 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. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TPX has been the topic of several recent research reports. Piper Sandler upped their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $80.00 target price (up from $67.00) on shares of Tempur Sealy International in a report on Monday. Bank of America increased their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, KeyCorp boosted their price objective on Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and an average price target of $70.75.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $66.73 on Tuesday. 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 capitalization of $11.59 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.02 and a beta of 1.64. Tempur Sealy International, Inc. has a 12 month low of $45.04 and a 12 month high of $68.53. The firm’s 50-day moving average is $57.34 and its 200 day moving average is $53.58.

Tempur Sealy International (NYSE:TPX) last issued its quarterly 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 prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts predict that Tempur Sealy International, Inc. will post 2.52 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Tempur Sealy International Company 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.