Atom Investors LP Sells 4,562 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Atom Investors LP cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 137,515 shares of the company’s stock after selling 4,562 shares during the period. Tempur Sealy International accounts for about 0.8% of Atom Investors LP’s holdings, making the stock its 24th largest position. Atom Investors LP’s holdings in Tempur Sealy International were worth $7,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Tempur Sealy International in the 3rd quarter valued at about $27,000. Signaturefd LLC grew its position in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $48,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International during the second quarter valued at approximately $56,000. Institutional investors own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wedbush increased their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James reduced 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 research report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Trading Up 0.3 %

TPX opened at $55.98 on Monday. 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 company’s 50 day simple moving average is $52.41 and its two-hundred day simple moving average is $50.94. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 1-year low of $40.00 and a 1-year high of $58.44.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.29 billion. During the same period in the prior year, the business posted $0.77 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 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.