Ontario Teachers Pension Plan Board Lowers Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Ontario Teachers Pension Plan Board reduced its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 38.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,880 shares of the company’s stock after selling 2,462 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Tempur Sealy International were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Tempur Sealy International by 750.9% during the third 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 last quarter. Signaturefd LLC raised its holdings in shares of Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 255 shares in the last quarter. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International during the 2nd quarter valued at about $56,000. J.Safra Asset Management Corp lifted its position in Tempur Sealy International by 23.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after buying an additional 245 shares during the last quarter. 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 worth $82,000 after buying an additional 416 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

Tempur Sealy International stock opened at $54.74 on Friday. Tempur Sealy International, Inc. has a 1-year low of $38.85 and a 1-year high of $57.13. The firm has a market cap of $9.51 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.96 and a beta of 1.60. 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 firm has a 50-day moving average of $52.10 and a 200-day moving average of $50.85.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Sell-side analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.95%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TPX. Wedbush boosted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Raymond James lowered their price target on shares of 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 research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $60.67.

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.