Edgestream Partners L.P. Boosts Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Edgestream Partners L.P. lifted its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 154.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,211 shares of the company’s stock after buying an additional 28,031 shares during the quarter. Edgestream Partners L.P.’s holdings in Tempur Sealy International were worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Tempur Sealy International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after acquiring an additional 143,719 shares during the period. Browning West LP grew its stake in Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares during the period. Norges Bank bought a new position in Tempur Sealy International in the fourth quarter worth $121,329,000. Dimensional Fund Advisors LP lifted its position in 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. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of Tempur Sealy International by 10.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock valued at $71,413,000 after buying an additional 143,535 shares in the last quarter. 99.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Tempur Sealy International Price Performance

Shares of TPX opened at $52.97 on Thursday. Tempur Sealy International, Inc. has a twelve month low of $36.12 and a twelve month high of $57.13. The company has a market capitalization of $9.20 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.59. The firm has a 50 day moving average of $50.74 and a 200 day moving average of $51.05. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

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.