140 Summer Partners LP Cuts Position in Tempur Sealy International, Inc. (NYSE:TPX)

140 Summer Partners LP decreased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 9.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 806,964 shares of the company’s stock after selling 86,400 shares during the period. Tempur Sealy International makes up approximately 4.7% of 140 Summer Partners LP’s holdings, making the stock its 13th largest holding. 140 Summer Partners LP owned approximately 0.46% of Tempur Sealy International worth $44,060,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after purchasing an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new stake in Tempur Sealy International in the third quarter worth $27,000. Truvestments Capital LLC purchased a new stake in Tempur Sealy International during the third quarter valued at about $48,000. Signaturefd LLC grew its stake in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 255 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International in the second quarter worth about $56,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 0.4 %

Shares of NYSE:TPX opened at $55.79 on Thursday. Tempur Sealy International, Inc. has a 1 year low of $38.85 and a 1 year high of $58.44. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock’s 50-day moving average is $52.29 and its 200 day moving average is $50.87. The company has a market cap of $9.69 billion, a PE ratio of 25.47, a P/E/G ratio of 2.12 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (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 firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend 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 is currently 23.74%.

Wall Street Analysts Forecast Growth

TPX has been the subject of several analyst reports. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Wedbush boosted their price objective 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. One analyst has rated the stock with a hold rating, four have given 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 a consensus target price 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.