Bank of Montreal Can Decreases Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Bank of Montreal Can cut its position in Tempur Sealy International, Inc. (NYSE:TPX) by 45.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,038 shares of the company’s stock after selling 102,899 shares during the period. Bank of Montreal Can’s holdings in Tempur Sealy International were worth $6,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Darsana Capital Partners LP boosted its position in shares of Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the period. Eminence Capital LP raised its holdings in Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after acquiring an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Tempur Sealy International during the second quarter worth $37,278,000. Linonia Partnership LP lifted its stake in Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after purchasing an additional 548,004 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in shares of Tempur Sealy International by 104.1% in the 2nd quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock valued at $46,332,000 after buying an additional 499,233 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Up 0.3 %

Tempur Sealy International stock opened at $56.12 on Tuesday. The company’s 50-day moving average price is $52.41 and its two-hundred day moving average price is $50.92. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 52 week low of $42.56 and a 52 week high of $58.44. 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 (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS 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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. 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 report on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $60.67.

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.