Intech Investment Management LLC Buys Shares of 64,869 Tempur Sealy International, Inc. (NYSE:TPX)

Intech Investment Management LLC purchased a new position in Tempur Sealy International, Inc. (NYSE:TPX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 64,869 shares of the company’s stock, valued at approximately $3,071,000.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in Tempur Sealy International in the 4th quarter valued at $40,000. Commerce Bank lifted its stake in shares of Tempur Sealy International by 5.9% in the fourth quarter. Commerce Bank now owns 11,733 shares of the company’s stock worth $598,000 after buying an additional 651 shares in the last quarter. United Services Automobile Association boosted its position in Tempur Sealy International by 15.1% during the fourth quarter. United Services Automobile Association now owns 14,219 shares of the company’s stock worth $725,000 after acquiring an additional 1,870 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in Tempur Sealy International by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 74,000 shares of the company’s stock valued at $3,772,000 after acquiring an additional 720 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in Tempur Sealy International by 16,184.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,071 shares of the company’s stock valued at $207,000 after acquiring an additional 4,046 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Wednesday, September 4th. Truist Financial reduced their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.71.

Tempur Sealy International Stock Down 1.7 %

TPX stock opened at $53.77 on Monday. The firm has a market cap of $9.34 billion, a PE ratio of 26.62, a PEG ratio of 2.20 and a beta of 1.59. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm’s 50 day moving average price is $51.07 and its 200-day moving average price is $51.04.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. Tempur Sealy International’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. On average, equities research analysts anticipate that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. Tempur Sealy International’s payout ratio is currently 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.