Shell Asset Management Co. grew its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,969 shares of the company’s stock after purchasing an additional 499 shares during the period. Shell Asset Management Co.’s holdings in Tempur Sealy International were worth $474,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of TPX. Hanseatic Management Services Inc. acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at $27,000. Sageworth Trust Co of South Dakota acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at $36,000. Signaturefd LLC increased its holdings in shares of Tempur Sealy International by 76.4% during the first quarter. Signaturefd LLC now owns 1,385 shares of the company’s stock valued at $39,000 after purchasing an additional 600 shares during the period. Alpha Paradigm Partners LLC acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at $68,000. Finally, Quent Capital LLC acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at $82,000. 93.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. TheStreet cut Tempur Sealy International from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. UBS Group decreased their target price on Tempur Sealy International from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Loop Capital decreased their target price on Tempur Sealy International from $35.00 to $28.00 in a research note on Tuesday, April 12th. KeyCorp decreased their target price on Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Finally, Raymond James decreased their target price on Tempur Sealy International from $45.00 to $38.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 6th. Two investment analysts have 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.43.
Tempur Sealy International Trading Up 2.5 %
Tempur Sealy International (NYSE:TPX – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Tempur Sealy International had a return on equity of 659.10% and a net margin of 11.12%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. Sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.7 earnings per share for the current year.
Tempur Sealy International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, August 10th. Tempur Sealy International’s dividend payout ratio is currently 13.56%.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.
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