Janney Montgomery Scott LLC Sells 1,313 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Janney Montgomery Scott LLC lessened its position in Tempur Sealy International, Inc. (NYSE:TPXGet Rating) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,809 shares of the company’s stock after selling 1,313 shares during the period. Janney Montgomery Scott LLC’s holdings in Tempur Sealy International were worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of Tempur Sealy International by 67.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock worth $34,000 after buying an additional 500 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Tempur Sealy International by 211.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,841 shares of the company’s stock valued at $39,000 after purchasing an additional 1,249 shares during the period. Islay Capital Management LLC bought a new position in Tempur Sealy International during the second quarter valued at approximately $87,000. Covestor Ltd lifted its position in Tempur Sealy International by 73.3% during the first quarter. Covestor Ltd now owns 3,334 shares of the company’s stock valued at $93,000 after purchasing an additional 1,410 shares during the period. Finally, M&T Bank Corp bought a new position in Tempur Sealy International in the second quarter worth approximately $140,000. Institutional investors own 99.43% of the company’s stock.

Tempur Sealy International Trading Down 1.7 %

Tempur Sealy International stock opened at $38.47 on Wednesday. The firm has a 50-day moving average price of $34.25 and a 200-day moving average price of $29.35. The firm has a market capitalization of $6.58 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.71. Tempur Sealy International, Inc. has a 12-month low of $20.03 and a 12-month high of $42.27.

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

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th were issued a $0.10 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 14.13%.

Wall Street Analysts Forecast Growth

TPX has been the topic of several recent research reports. Bank of America increased their price target on shares of Tempur Sealy International from $33.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 17th. Wedbush raised their target price on shares of Tempur Sealy International to $45.00 in a research note on Tuesday, January 10th. The Goldman Sachs Group raised their target price on shares of Tempur Sealy International from $33.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. StockNews.com began coverage on shares of Tempur Sealy International in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Loop Capital raised their target price on shares of Tempur Sealy International from $25.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, January 20th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

Insider Transactions at Tempur Sealy International

In related news, CFO Bhaskar Rao sold 27,198 shares of Tempur Sealy International stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $35.08, for a total transaction of $954,105.84. Following the completion of the sale, the chief financial officer now 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 at this link. Company insiders own 4.48% of the company’s stock.

About Tempur Sealy International

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Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

Further Reading

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

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