Winslow Asset Management Inc. Invests $226,000 in Tempur Sealy International, Inc. (NYSE:TPX)

Winslow Asset Management Inc. acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,140 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TPX. North Growth Management Ltd. increased its stake in Tempur Sealy International by 0.4% in the 3rd quarter. North Growth Management Ltd. now owns 256,000 shares of the company’s stock worth $13,980,000 after buying an additional 1,000 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Tempur Sealy International during the third quarter valued at $290,000. QRG Capital Management Inc. bought a new position in Tempur Sealy International during the third quarter valued at $218,000. Donaldson Capital Management LLC grew its stake in shares of Tempur Sealy International by 16.7% in the 3rd quarter. Donaldson Capital Management LLC now owns 52,544 shares of the company’s stock worth $2,869,000 after buying an additional 7,515 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Tempur Sealy International by 38.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after buying an additional 416 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TPX. Raymond James lowered their price target on shares of 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 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. One investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $55.87 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 12 month low of $36.98 and a 12 month high of $57.13. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.34 and a beta of 1.60. The firm’s 50-day moving average is $51.25 and its 200 day moving average is $50.59.

Tempur Sealy International (NYSE:TPX) last announced 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts predict 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. Shareholders of record on Thursday, November 21st will be paid 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 0.93%. Tempur Sealy International’s payout ratio is 23.74%.

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.