Quantbot Technologies LP Acquires 61,689 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Quantbot Technologies LP grew its position in Tempur Sealy International, Inc. (NYSE:TPX) by 116.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 114,734 shares of the company’s stock after buying an additional 61,689 shares during the period. Quantbot Technologies LP owned 0.07% of Tempur Sealy International worth $6,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after buying an additional 169,848 shares during the period. Qsemble Capital Management LP acquired a new stake in Tempur Sealy International during the 3rd quarter worth $867,000. Linonia Partnership LP grew its holdings in Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after acquiring an additional 345,745 shares during the period. Truvestments Capital LLC bought a new stake in shares of Tempur Sealy International during the 3rd quarter valued at $48,000. Finally, Cerity Partners LLC lifted its stake in shares of Tempur Sealy International by 27.4% in the 3rd quarter. Cerity Partners LLC now owns 69,578 shares of the company’s stock valued at $3,799,000 after purchasing an additional 14,964 shares during the period. 99.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush upped their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $57.87 on Tuesday. The business has a fifty day moving average price of $52.23 and a two-hundred day moving average price of $50.86. The stock has a market capitalization of $10.05 billion, a PE ratio of 26.42, a P/E/G ratio of 2.01 and a beta of 1.60. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. Tempur Sealy International, Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $58.44.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.77 earnings per share. Tempur Sealy International’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Tempur Sealy International Company 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.