Truvestments Capital LLC Makes New $48,000 Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Truvestments Capital LLC bought a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 883 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC acquired a new stake in shares of Tempur Sealy International during the first quarter valued at about $1,119,000. Cetera Advisors LLC acquired a new stake in shares of Tempur Sealy International during the first quarter valued at about $414,000. SG Americas Securities LLC increased its position in shares of Tempur Sealy International by 33.2% during the second quarter. SG Americas Securities LLC now owns 13,477 shares of the company’s stock valued at $638,000 after acquiring an additional 3,358 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares during the last quarter. Finally, Coronation Fund Managers Ltd. increased its position in shares of Tempur Sealy International by 28.6% during the second quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock valued at $5,612,000 after acquiring an additional 26,392 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TPX. Wedbush lifted their price target on shares of 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 dropped their price objective 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. 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’s stock. According to data from MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Trading Down 0.4 %

NYSE TPX opened at $55.79 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 52 week low of $38.85 and a 52 week high of $58.44. The stock has a market capitalization of $9.69 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60. The firm has a 50 day moving average of $52.29 and a two-hundred day moving average of $50.87.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, research analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. Tempur Sealy International’s dividend payout ratio is presently 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.