Cerity Partners LLC Invests $304,000 in Tempur Sealy International, Inc. (NYSE:TPX)

Cerity Partners LLC purchased a new position in shares of Tempur Sealy International, Inc. (NYSE:TPXGet Rating) during the second quarter, Holdings Channel.com reports. The fund purchased 14,226 shares of the company’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Inspire Investing LLC raised its position in shares of Tempur Sealy International by 17.2% during the 2nd quarter. Inspire Investing LLC now owns 9,907 shares of the company’s stock worth $212,000 after purchasing an additional 1,453 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Tempur Sealy International by 7.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,657 shares of the company’s stock valued at $420,000 after acquiring an additional 1,373 shares during the period. Shell Asset Management Co. increased its position in Tempur Sealy International by 31.0% in the 2nd quarter. Shell Asset Management Co. now owns 22,231 shares of the company’s stock valued at $475,000 after acquiring an additional 5,262 shares during the period. Advisors Asset Management Inc. increased its position in Tempur Sealy International by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 16,830 shares of the company’s stock valued at $360,000 after acquiring an additional 2,682 shares during the period. Finally, Islay Capital Management LLC acquired a new stake in Tempur Sealy International in the 2nd quarter valued at approximately $87,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TPX. KeyCorp lowered their target price on Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. The Goldman Sachs Group began coverage on Tempur Sealy International in a research report on Thursday, August 11th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, StockNews.com began coverage on Tempur Sealy International in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.38.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $31.24 on Monday. Tempur Sealy International, Inc. has a 1 year low of $20.03 and a 1 year high of $48.97. The stock has a market cap of $5.34 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.35 and a beta of 1.74. The business’s fifty day moving average is $27.43 and its 200-day moving average is $25.87.

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 paid 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 is presently 14.13%.

Insider Transactions at Tempur Sealy International

In other news, EVP David Montgomery sold 100,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was 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 directly owns 847,667 shares of the company’s stock, valued at approximately $22,242,782.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.48% of the company’s stock.

About Tempur Sealy International

(Get Rating)

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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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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