Amalgamated Bank Has $4.64 Million Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Amalgamated Bank decreased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,883 shares of the company's stock after selling 15,088 shares during the quarter. Amalgamated Bank's holdings in Tempur Sealy International were worth $4,635,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International in the 1st quarter valued at $26,000. BNP Paribas Financial Markets grew its stake in Tempur Sealy International by 431.5% in the 1st quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company's stock valued at $5,394,000 after buying an additional 77,064 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Tempur Sealy International in the 1st quarter valued at $1,435,000. Texas Permanent School Fund Corp grew its stake in Tempur Sealy International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 150,772 shares of the company's stock valued at $8,567,000 after buying an additional 1,952 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Tempur Sealy International in the 1st quarter valued at $2,236,000. Institutional investors and hedge funds own 99.86% of the company's stock.

Tempur Sealy International Price Performance

TPX stock traded up $0.42 during trading on Friday, hitting $54.42. 2,014,077 shares of the stock traded hands, compared to its average volume of 1,574,602. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.14 and a beta of 1.60. The company has a 50 day simple moving average of $51.14 and a 200 day simple moving average of $50.51. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly 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 net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.77 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts expect that Tempur Sealy International, Inc. will post 2.52 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. Shareholders of record on Thursday, November 21st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International's payout ratio is presently 24.76%.

Analyst Ratings Changes

TPX has been the subject of a number of research reports. 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 report on Friday, November 1st. Wedbush increased their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $60.67.

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.