KBC Group NV Raises Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

KBC Group NV raised its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 24.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,624 shares of the company’s stock after purchasing an additional 919 shares during the quarter. KBC Group NV’s holdings in Tempur Sealy International were worth $252,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TPX. Vanguard Group Inc. raised its stake in shares of Tempur Sealy International by 0.9% during the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after acquiring an additional 143,719 shares during the last quarter. Darsana Capital Partners LP raised its position in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Linonia Partnership LP lifted its holdings in Tempur Sealy International by 17.1% in the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after buying an additional 548,004 shares during the period. Eminence Capital LP grew its position in shares of Tempur Sealy International by 61.6% in the 2nd 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. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $98,559,000 after buying an additional 224,955 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Down 1.2 %

NYSE TPX opened at $53.58 on Wednesday. The firm has a market capitalization of $9.30 billion, a PE ratio of 24.47, a P/E/G ratio of 1.98 and a beta of 1.60. The stock’s 50 day moving average is $51.83 and its 200 day moving average is $50.77. Tempur Sealy International, Inc. has a twelve month low of $38.85 and a twelve month high of $57.13. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. Research analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is 23.74%.

Analyst Ratings Changes

TPX has been the subject of a number of research analyst reports. Raymond James dropped their price target on 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. Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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.