Cerity Partners LLC Buys 16,448 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Cerity Partners LLC boosted its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 66.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,300 shares of the company’s stock after purchasing an additional 16,448 shares during the quarter. Cerity Partners LLC’s holdings in Tempur Sealy International were worth $2,105,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Tempur Sealy International by 0.9% during the first quarter. BlackRock Inc. now owns 14,468,794 shares of the company’s stock worth $571,373,000 after purchasing an additional 133,997 shares during the period. Select Equity Group L.P. boosted its position in shares of Tempur Sealy International by 50.0% in the first quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company’s stock valued at $570,832,000 after acquiring an additional 4,815,650 shares during the period. Browning West LP boosted its position in shares of Tempur Sealy International by 7.2% in the first quarter. Browning West LP now owns 11,690,989 shares of the company’s stock valued at $461,677,000 after acquiring an additional 784,200 shares during the period. State Street Corp boosted its position in shares of Tempur Sealy International by 4.7% in the second quarter. State Street Corp now owns 5,706,958 shares of the company’s stock valued at $228,678,000 after acquiring an additional 253,965 shares during the period. Finally, Lone Pine Capital LLC bought a new stake in shares of Tempur Sealy International in the third quarter valued at approximately $206,809,000. Institutional investors own 99.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TPX. Raymond James increased their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Truist Financial increased their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wedbush reissued an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, April 10th. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. Finally, Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $75.00 in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $48.79 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The business has a fifty day simple moving average of $53.03 and a 200 day simple moving average of $47.82. Tempur Sealy International, Inc. has a one year low of $34.98 and a one year high of $57.13. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.15 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts expect that Tempur Sealy International, Inc. will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.07%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.12%.

Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails 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-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.