Mutual of America Capital Management LLC Sells 5,560 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Mutual of America Capital Management LLC trimmed its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 93,850 shares of the company’s stock after selling 5,560 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tempur Sealy International were worth $5,124,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Tempur Sealy International in the first quarter valued at about $26,000. Sei Investments Co. raised its position in Tempur Sealy International by 31.8% during the 1st quarter. Sei Investments Co. now owns 19,234 shares of the company’s stock valued at $1,093,000 after purchasing an additional 4,644 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Tempur Sealy International by 7.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,314 shares of the company’s stock worth $643,000 after buying an additional 760 shares during the period. Vanguard Group Inc. grew its position in shares of Tempur Sealy International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after buying an additional 143,719 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Tempur Sealy International by 6.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 19,493 shares of the company’s stock worth $1,108,000 after buying an additional 1,177 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TPX shares. Wedbush raised their price target 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 cut their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

Shares of Tempur Sealy International stock opened at $53.49 on Thursday. The business has a fifty day simple moving average of $51.93 and a two-hundred day simple moving average of $50.79. The firm has a market capitalization of $9.29 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.98 and a beta of 1.60. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 12 month low of $38.85 and a 12 month high of $57.13.

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

Tempur Sealy International Announces Dividend

The business also recently disclosed 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 yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s payout ratio is 23.74%.

Tempur Sealy International 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.