The Manufacturers Life Insurance Company Cuts Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

The Manufacturers Life Insurance Company decreased its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,033 shares of the company’s stock after selling 5,304 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tempur Sealy International were worth $7,919,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TPX. UMB Bank n.a. increased its holdings in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the period. Signaturefd LLC increased its holdings in 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 period. Truvestments Capital LLC purchased a new stake in Tempur Sealy International during the 3rd quarter worth about $48,000. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Tempur Sealy International during the 2nd quarter worth about $56,000. Finally, J.Safra Asset Management Corp boosted its position in shares of Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TPX shares. Wedbush upped their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Raymond James reduced their price objective 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 analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Down 0.4 %

TPX opened at $56.02 on Thursday. The business has a 50 day moving average price of $52.50 and a two-hundred day moving average price of $50.97. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The company has a market cap of $9.73 billion, a PE ratio of 25.58, a P/E/G ratio of 2.06 and a beta of 1.64. Tempur Sealy International, Inc. has a 52 week low of $43.32 and a 52 week high of $58.44.

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

Tempur Sealy International Announces Dividend

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