Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,690 shares of the company's stock after selling 15,009 shares during the quarter. Diversified Trust Co's holdings in Tempur Sealy International were worth $1,570,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages recently commented on TPX. Raymond James decreased 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. Wedbush raised their price target 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Stock Performance

NYSE:TPX traded up $0.08 during midday trading on Thursday, hitting $55.06. The company's stock had a trading volume of 762,274 shares, compared to its average volume of 1,090,555. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $58.44. 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 firm has a market cap of $9.56 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.12 and a beta of 1.63. The firm's 50 day moving average is $55.04 and its 200-day moving average is $52.10.

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 analysts' consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. 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.