Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,600 shares of the company’s stock after selling 66,251 shares during the period. New York State Common Retirement Fund owned about 0.07% of Tempur Sealy International worth $6,351,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB lifted its holdings in shares of Tempur Sealy International by 23.7% in the 4th quarter. Handelsbanken Fonder AB now owns 39,120 shares of the company’s stock valued at $1,994,000 after purchasing an additional 7,500 shares during the last quarter. Strata Wealth Advisors LLC acquired a new stake in shares of Tempur Sealy International in the fourth quarter valued at approximately $2,826,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tempur Sealy International by 10.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,299 shares of the company’s stock worth $1,952,000 after acquiring an additional 3,750 shares during the last quarter. Donaldson Capital Management LLC purchased a new position in shares of Tempur Sealy International during the fourth quarter worth approximately $1,477,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Tempur Sealy International in the 4th quarter valued at $2,467,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

Shares of TPX opened at $50.38 on Friday. The company has a market capitalization of $8.75 billion, a PE ratio of 24.34, a P/E/G ratio of 1.17 and a beta of 1.58. Tempur Sealy International, Inc. has a 52-week low of $34.98 and a 52-week high of $57.13. The company has a 50-day simple moving average of $52.94 and a 200-day simple moving average of $48.39. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81.

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

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a $0.13 dividend. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.03%. Tempur Sealy International’s dividend payout ratio is 25.12%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a research report on Tuesday. Raymond James increased their price target on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. KeyCorp boosted their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Finally, Truist Financial boosted their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $62.71.

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.