Fifth Third Wealth Advisors LLC Takes $274,000 Position in Tempur Sealy International, Inc. (NYSE:TPX)

Fifth Third Wealth Advisors LLC purchased a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,795 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Tempur Sealy International in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in shares of Tempur Sealy International in the first quarter valued at approximately $27,000. Principal Securities Inc. bought a new position in Tempur Sealy International in the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp lifted its holdings in Tempur Sealy International by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after buying an additional 457 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after buying an additional 1,349 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on TPX shares. Truist Financial cut their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush lowered their target price on shares of Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $59.71.

Tempur Sealy International Stock Down 1.3 %

Shares of NYSE:TPX traded down $0.66 during midday trading on Thursday, reaching $51.13. 60,761 shares of the company were exchanged, compared to its average volume of 1,673,032. The firm has a market cap of $8.88 billion, a PE ratio of 25.64, a P/E/G ratio of 2.17 and a beta of 1.60. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The stock has a fifty day simple moving average of $49.36 and a two-hundred day simple moving average of $51.12.

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

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is 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.