Tempur Sealy International, Inc. (NYSE:TPX) Stake Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 238.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,900 shares of the company’s stock after acquiring an additional 24,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Tempur Sealy International were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in shares of Tempur Sealy International by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after purchasing an additional 210 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Tempur Sealy International by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock valued at $1,495,000 after acquiring an additional 220 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares during the last quarter. Signaturefd LLC grew its position in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its stake in shares of Tempur Sealy International by 1.9% during the 2nd quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock worth $665,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Tempur Sealy International Trading Up 0.7 %

Tempur Sealy International stock opened at $54.05 on Friday. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market capitalization of $9.39 billion, a PE ratio of 26.76, a PEG ratio of 2.30 and a beta of 1.59. The business’s 50-day simple moving average is $51.21 and its 200-day simple moving average is $51.06.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

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.