Tempur Sealy International, Inc. (NYSE:TPX) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,552 shares of the company’s stock after purchasing an additional 821 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tempur Sealy International were worth $500,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TPX. Darsana Capital Partners LP raised its holdings in Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the period. Eminence Capital LP increased its position in shares of Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after buying an additional 857,478 shares in the last quarter. Browning West LP raised its stake in shares of Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after buying an additional 820,200 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Tempur Sealy International during the 2nd quarter valued at approximately $37,278,000. Finally, Linonia Partnership LP grew its stake in Tempur Sealy International by 17.1% in the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after acquiring an additional 548,004 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

TPX opened at $52.00 on Wednesday. The firm has a market capitalization of $9.03 billion, a PE ratio of 25.74, a PEG ratio of 2.26 and a beta of 1.59. 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, Inc. has a twelve month low of $36.12 and a twelve month high of $57.13. The firm’s 50-day moving average price is $51.54 and its 200 day moving average price is $50.98.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

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

Analysts Set New Price Targets

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

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.