Advisors Asset Management Inc. raised its stake in Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 19.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,830 shares of the company’s stock after acquiring an additional 2,682 shares during the quarter. Advisors Asset Management Inc.’s holdings in Tempur Sealy International were worth $360,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Boston Partners lifted its holdings in shares of Tempur Sealy International by 101.2% in the first quarter. Boston Partners now owns 10,748,386 shares of the company’s stock worth $300,124,000 after acquiring an additional 5,406,305 shares during the last quarter. State Street Corp raised its holdings in Tempur Sealy International by 0.9% in the 1st quarter. State Street Corp now owns 4,859,198 shares of the company’s stock valued at $135,669,000 after buying an additional 42,598 shares during the last quarter. Eminence Capital LP raised its holdings in Tempur Sealy International by 70.0% in the 1st quarter. Eminence Capital LP now owns 4,639,574 shares of the company’s stock valued at $129,537,000 after buying an additional 1,910,606 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Tempur Sealy International by 12.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,491,386 shares of the company’s stock valued at $125,400,000 after buying an additional 501,445 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL raised its holdings in Tempur Sealy International by 29.9% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 4,081,040 shares of the company’s stock valued at $113,943,000 after buying an additional 938,822 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.
Insider Transactions at Tempur Sealy International
In other news, EVP David Montgomery sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $26.24, for a total transaction of $2,624,000.00. Following the completion of the sale, the executive vice president now owns 847,667 shares of the company’s stock, valued at approximately $22,242,782.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.48% of the company’s stock.
Tempur Sealy International Stock Up 0.2 %
Tempur Sealy International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, November 16th. Tempur Sealy International’s dividend payout ratio (DPR) is 14.13%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Tempur Sealy International in a report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group initiated coverage on shares of Tempur Sealy International in a report on Thursday, August 11th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, KeyCorp decreased their target price on shares of Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.38.
About Tempur Sealy International
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.
- Get a free copy of the StockNews.com research report on Tempur Sealy International (TPX)
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