Tempur Sealy International, Inc. (NYSE:TPX) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,959,570 shares of the company's stock after buying an additional 57,138 shares during the period. Geode Capital Management LLC owned about 1.70% of Tempur Sealy International worth $161,634,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in Tempur Sealy International by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company's stock valued at $1,495,000 after buying an additional 220 shares in the last quarter. Signaturefd LLC grew its stake 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 in the last quarter. Hanlon Investment Management Inc. raised its position in shares of Tempur Sealy International by 1.9% during the 2nd quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company's stock valued at $665,000 after buying an additional 261 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Tempur Sealy International by 1.9% in the 2nd quarter. Federated Hermes Inc. now owns 18,853 shares of the company's stock valued at $893,000 after acquiring an additional 353 shares during the last quarter. Finally, FFT Wealth Management LLC grew its position in Tempur Sealy International by 0.3% in the second quarter. FFT Wealth Management LLC now owns 143,688 shares of the company's stock worth $6,802,000 after acquiring an additional 376 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Price Performance

TPX traded down $0.68 during trading on Monday, hitting $57.18. The company's stock had a trading volume of 1,168,799 shares, compared to its average volume of 1,555,641. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.12 and a beta of 1.64. Tempur Sealy International, Inc. has a twelve month low of $45.04 and a twelve month high of $58.44. The business's fifty day simple moving average is $52.80 and its 200 day simple moving average is $51.27. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. Tempur Sealy International's payout ratio is currently 23.74%.

Analyst Upgrades and Downgrades

TPX has been the subject of several recent analyst reports. Raymond James cut their price objective on shares of 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. Wedbush raised their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $60.67.

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.