Artemis Investment Management LLP Sells 26,071 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Artemis Investment Management LLP trimmed its position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,753 shares of the company's stock after selling 26,071 shares during the quarter. Artemis Investment Management LLP owned 0.10% of Tempur Sealy International worth $10,304,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock valued at $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Tempur Sealy International during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc increased its stake in Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company's stock valued at $35,000 after purchasing an additional 482 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Tempur Sealy International during the third quarter worth $48,000. Finally, Farther Finance Advisors LLC grew its holdings in Tempur Sealy International by 38.1% in the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company's stock valued at $82,000 after purchasing an additional 416 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Price Performance

NYSE:TPX traded up $0.08 during mid-day trading on Monday, reaching $59.62. 1,178,745 shares of the stock were exchanged, compared to its average volume of 1,158,699. Tempur Sealy International, Inc. has a 1-year low of $45.04 and a 1-year high of $60.16. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $10.35 billion, a PE ratio of 27.22, a PEG ratio of 1.77 and a beta of 1.63. The business has a fifty day moving average price of $55.85 and a 200 day moving average price of $52.60.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping 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 period last year, the company posted $0.77 EPS. The company's revenue was up 1.8% compared to the same quarter last year. Research analysts expect that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.87%. Tempur Sealy International's payout ratio is presently 23.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Raymond James cut 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 research report on Friday, November 1st. Truist Financial increased their price target on Tempur Sealy International from $58.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Wedbush lifted their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $61.50.

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.