Bank of Montreal Can Has $6.80 Million Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Bank of Montreal Can trimmed its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 45.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,038 shares of the company’s stock after selling 102,899 shares during the period. Bank of Montreal Can owned about 0.07% of Tempur Sealy International worth $6,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Darsana Capital Partners LP increased its position in Tempur Sealy International by 40.0% in 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 last quarter. Eminence Capital LP raised its stake 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 purchasing an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Tempur Sealy International during the 2nd quarter worth $37,278,000. Linonia Partnership LP boosted its holdings in shares of Tempur Sealy International by 17.1% in the 2nd 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 in the last quarter. Finally, Maverick Capital Ltd. boosted its stake in Tempur Sealy International by 104.1% in the second quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock worth $46,332,000 after buying an additional 499,233 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

NYSE TPX opened at $56.12 on Tuesday. The business’s fifty day moving average is $52.41 and its 200 day moving average is $50.92. 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, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $58.44. The company has a market capitalization of $9.75 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate 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 business 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 business’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s payout ratio is currently 23.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports 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 shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.