Diversified Trust Co Has $3.52 Million Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Diversified Trust Co increased its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 17.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,974 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Diversified Trust Co’s holdings in Tempur Sealy International were worth $3,521,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TPX. Lone Pine Capital LLC acquired a new position in shares of Tempur Sealy International during the third quarter valued at about $206,809,000. Linonia Partnership LP acquired a new stake in Tempur Sealy International in the fourth quarter valued at approximately $121,445,000. Norges Bank bought a new stake in shares of Tempur Sealy International during the fourth quarter valued at approximately $121,329,000. Browning West LP raised its position in shares of Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in Tempur Sealy International during the 4th quarter valued at $20,454,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TPX. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. Wedbush reissued an “outperform” rating and set a $66.00 price objective on shares of Tempur Sealy International in a report on Thursday, June 20th. Finally, Truist Financial raised their target price on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 5th. One research 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.com, the stock currently has an average rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Stock Down 0.3 %

Shares of NYSE:TPX opened at $47.21 on Tuesday. The company has a market capitalization of $8.20 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. Tempur Sealy International, Inc. has a 1 year low of $36.12 and a 1 year high of $57.13. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70. The business has a fifty day moving average price of $50.14 and a two-hundred day moving average price of $51.24.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

About Tempur Sealy International

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.