Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by 140 Summer Partners LP

140 Summer Partners LP cut its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 806,964 shares of the company's stock after selling 86,400 shares during the quarter. Tempur Sealy International makes up approximately 4.7% of 140 Summer Partners LP's portfolio, making the stock its 13th largest holding. 140 Summer Partners LP owned 0.46% of Tempur Sealy International worth $44,060,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TPX. UMB Bank n.a. lifted its holdings in 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 acquired a new position in shares of Tempur Sealy International in the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in shares of Tempur Sealy International during the third quarter valued at approximately $48,000. Signaturefd LLC lifted 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 period. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Tempur Sealy International during the second quarter worth approximately $56,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on TPX shares. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Raymond James reduced their target price on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $60.67.

Tempur Sealy International Stock Down 0.4 %

Shares of NYSE:TPX traded down $0.22 during midday trading on Thursday, hitting $55.81. 1,259,537 shares of the company's stock traded hands, compared to its average volume of 1,561,781. The firm's fifty day moving average price is $52.35 and its two-hundred day moving average price is $50.91. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International, Inc. has a twelve month low of $38.85 and a twelve month high of $58.44. The company has a market cap of $9.69 billion, a PE ratio of 25.48, a P/E/G ratio of 2.12 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $0.77 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. 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.