Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in Tempur Sealy International, Inc. (NYSE:TPX) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,033 shares of the company’s stock after selling 5,304 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Tempur Sealy International worth $7,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TPX. Darsana Capital Partners LP boosted its stake in Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the last quarter. Linonia Partnership LP boosted its stake in Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after buying an additional 345,745 shares during the last quarter. Eminence Capital LP boosted its stake in Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after buying an additional 857,478 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Tempur Sealy International by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after buying an additional 224,955 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in Tempur Sealy International by 10.5% during the second quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock worth $71,413,000 after buying an additional 143,535 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

NYSE:TPX opened at $56.02 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The company has a market capitalization of $9.73 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.06 and a beta of 1.64. Tempur Sealy International, Inc. has a 52 week low of $43.32 and a 52 week high of $58.44. The stock’s fifty day moving average is $52.50 and its two-hundred day moving average is $50.97.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. Equities analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

Wall Street Analyst Weigh In

TPX has been the topic of a number of recent research reports. Wedbush boosted their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James reduced their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $60.67.

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.