Raymond James & Associates Buys 11,692 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Raymond James & Associates raised its stake in shares of Tempur Sealy International, Inc. (NYSE:TPXGet Rating) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,592 shares of the company’s stock after purchasing an additional 11,692 shares during the period. Raymond James & Associates owned 0.17% of Tempur Sealy International worth $7,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Tempur Sealy International by 70.7% during the first quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock valued at $2,224,000 after buying an additional 32,989 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Tempur Sealy International by 7.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock valued at $574,000 after purchasing an additional 1,476 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Tempur Sealy International by 17.1% in the first quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock valued at $871,000 after purchasing an additional 4,379 shares in the last quarter. Rhumbline Advisers raised its stake in Tempur Sealy International by 2.8% during the first quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock valued at $14,201,000 after purchasing an additional 13,942 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tempur Sealy International by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock valued at $1,970,000 after purchasing an additional 6,727 shares during the last quarter. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TPX shares. The Goldman Sachs Group boosted their target price on shares of Tempur Sealy International from $33.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush upped their price objective on Tempur Sealy International to $45.00 in a research report on Tuesday. Finally, StockNews.com assumed coverage on Tempur Sealy International in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $39.67 on Friday. The stock has a 50 day moving average price of $33.18 and a 200 day moving average price of $28.44. Tempur Sealy International, Inc. has a 52-week low of $20.03 and a 52-week high of $43.22. The firm has a market capitalization of $6.78 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.53 and a beta of 1.71.

Tempur Sealy International (NYSE:TPXGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a negative return on equity of 1,393.65% and a net margin of 10.40%. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.57 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $0.40 annualized dividend and a yield of 1.01%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 14.13%.

Insiders Place Their Bets

In other Tempur Sealy International news, CFO Bhaskar Rao sold 27,198 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $35.08, for a total value of $954,105.84. Following the completion of the sale, the chief financial officer now directly owns 347,988 shares in the company, valued at approximately $12,207,419.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.48% of the stock is currently owned by company insiders.

Tempur Sealy International Company Profile

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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.

See Also

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

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