Tempur Sealy International, Inc. (NYSE:TPX) Holdings Trimmed by Bank of Montreal Can

Bank of Montreal Can lowered its stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 45.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 124,038 shares of the company's stock after selling 102,899 shares during the period. Bank of Montreal Can owned 0.07% of Tempur Sealy International worth $6,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TPX. UMB Bank n.a. raised its position in shares of 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. Truvestments Capital LLC acquired a new stake in shares of Tempur Sealy International during the third quarter worth $48,000. Signaturefd LLC lifted 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. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Tempur Sealy International in the 2nd quarter valued at about $56,000. Finally, J.Safra Asset Management Corp grew its position in shares of Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock valued at $60,000 after buying an additional 245 shares during the last quarter. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Performance

Shares of TPX traded up $0.13 during mid-day trading on Tuesday, reaching $56.25. 1,735,261 shares of the company's stock traded hands, compared to its average volume of 1,561,396. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The business's 50-day moving average price is $52.45 and its 200-day moving average price is $50.95. The stock has a market capitalization of $9.77 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 2.06 and a beta of 1.64. Tempur Sealy International, Inc. has a 12 month low of $42.56 and a 12 month high of $58.44.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share 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 firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

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 given a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. Tempur Sealy International's dividend payout ratio is presently 23.74%.

Analyst Ratings Changes

TPX has been the topic of a number of recent research reports. Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Raymond James reduced their price objective on 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 research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Tempur Sealy International presently has an average rating of "Buy" and an average 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.