Tempur Sealy International, Inc. (NYSE:TPX) Holdings Increased by Linonia Partnership LP

Linonia Partnership LP lifted its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 17.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,749,434 shares of the company’s stock after purchasing an additional 548,004 shares during the quarter. Tempur Sealy International accounts for about 14.1% of Linonia Partnership LP’s investment portfolio, making the stock its 3rd biggest holding. Linonia Partnership LP owned 2.16% of Tempur Sealy International worth $177,498,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Commerce Bank boosted its holdings in 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 purchasing an additional 651 shares during the last quarter. United Services Automobile Association increased 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 valued at $725,000 after acquiring an additional 1,870 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Tempur Sealy International by 1.0% during the fourth 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 during the last quarter. TFO Wealth Partners LLC lifted its holdings in Tempur Sealy International by 16,184.0% in the fourth 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 period. Finally, Makena Capital Management LLC boosted its position in Tempur Sealy International by 37.2% in the fourth quarter. Makena Capital Management LLC now owns 205,995 shares of the company’s stock worth $10,500,000 after purchasing an additional 55,900 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analysts Set New Price Targets

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

Tempur Sealy International Stock Up 0.7 %

TPX opened at $54.05 on Friday. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59. 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 fifty day moving average is $51.21 and its 200 day moving average is $51.06. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13.

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

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 15th. 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.