Commerce Bank Decreases Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Commerce Bank decreased its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,737 shares of the company’s stock after selling 250 shares during the quarter. Commerce Bank’s holdings in Tempur Sealy International were worth $641,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Darsana Capital Partners LP grew its stake in shares of Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the period. Linonia Partnership LP grew its position 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 buying an additional 548,004 shares during the period. Eminence Capital LP increased 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 buying an additional 857,478 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tempur Sealy International by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after acquiring an additional 224,955 shares during the period. Finally, Van Berkom & Associates Inc. boosted its stake 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 worth $71,413,000 after acquiring an additional 143,535 shares in 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 weighed in on TPX. Wedbush raised their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James cut 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 note on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Performance

Tempur Sealy International stock opened at $57.87 on Tuesday. Tempur Sealy International, Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $58.44. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.01 and a beta of 1.60. The stock has a fifty day moving average of $52.23 and a two-hundred day moving average of $50.86. 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during 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 quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The company 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. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.90%. Tempur Sealy International’s payout ratio is currently 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.