Artemis Investment Management LLP Purchases 83,479 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Artemis Investment Management LLP increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 67.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,824 shares of the company’s stock after acquiring an additional 83,479 shares during the period. Artemis Investment Management LLP owned approximately 0.12% of Tempur Sealy International worth $11,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TPX. Zeno Equity Partners LLP bought a new stake in shares of Tempur Sealy International during the 4th quarter valued at about $12,198,000. BNP Paribas Financial Markets lifted its position in Tempur Sealy International by 431.5% during the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock valued at $5,394,000 after purchasing an additional 77,064 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Tempur Sealy International in the 1st quarter worth approximately $1,435,000. Van ECK Associates Corp increased its holdings in shares of Tempur Sealy International by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 87,669 shares of the company’s stock worth $4,981,000 after buying an additional 23,448 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Tempur Sealy International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 15,924,287 shares of the company’s stock valued at $811,661,000 after buying an additional 108,801 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Wednesday, September 4th. Piper Sandler reiterated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Truist Financial decreased their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Performance

NYSE TPX opened at $51.55 on Thursday. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.26 and a beta of 1.59. The company has a 50-day simple moving average of $51.52 and a two-hundred day simple moving average of $50.98. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a 12-month low of $36.12 and a 12-month high of $57.13.

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

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.01%. Tempur Sealy International’s dividend payout ratio is currently 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.