Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Commerce Bank

Commerce Bank lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vista Investment Partners LLC increased its position in Tempur Sealy International by 72.1% during the second quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock worth $2,996,000 after purchasing an additional 26,512 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Tempur Sealy International during the 1st quarter worth $1,119,000. Rhumbline Advisers raised its position in shares of Tempur Sealy International by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after buying an additional 26,994 shares during the period. Forest Avenue Capital Management LP raised its position in shares of Tempur Sealy International by 52.2% in the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock worth $40,605,000 after buying an additional 294,222 shares during the period. Finally, Senator Investment Group LP acquired a new position in Tempur Sealy International in the second quarter valued at $21,797,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $57.87 on Tuesday. The business’s 50-day simple moving average is $52.23 and its 200 day simple moving average is $50.86. The company has a market cap of $10.05 billion, a P/E ratio of 26.42, a PEG ratio of 2.01 and a beta of 1.60. 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 one year low of $38.85 and a one year high of $58.44.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.90%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Wall Street Analyst Weigh In

TPX has been the topic of a number of research reports. Raymond James cut their price objective on 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. Wedbush increased their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities research 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $60.67.

About Tempur Sealy International

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.