Principal Financial Group Inc. Has $22.13 Million Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Principal Financial Group Inc. decreased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 30.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,340 shares of the company’s stock after selling 174,544 shares during the period. Principal Financial Group Inc.’s holdings in Tempur Sealy International were worth $22,132,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Nilsine Partners LLC lifted its holdings in shares of Tempur Sealy International by 0.6% during the second quarter. Nilsine Partners LLC now owns 184,788 shares of the company’s stock worth $8,748,000 after buying an additional 1,086 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Tempur Sealy International in the second quarter valued at approximately $601,000. Natixis Advisors LLC grew its stake in shares of Tempur Sealy International by 360.1% in the second quarter. Natixis Advisors LLC now owns 141,038 shares of the company’s stock worth $6,677,000 after acquiring an additional 110,382 shares during the last quarter. Finally, FFT Wealth Management LLC increased its position in Tempur Sealy International by 0.3% during the second quarter. FFT Wealth Management LLC now owns 143,688 shares of the company’s stock worth $6,802,000 after acquiring an additional 376 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $56.01 on Thursday. The firm has a market cap of $9.73 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. The firm’s 50-day simple moving average is $53.55 and its 200-day simple moving average is $51.57. Tempur Sealy International, Inc. has a twelve month low of $45.04 and a twelve month high of $58.44. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

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

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TPX shares. Wedbush increased their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James reduced their target price on shares of 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $60.67.

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.