Intech Investment Management LLC Lowers Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Intech Investment Management LLC lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 45.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 35,107 shares of the company's stock after selling 29,762 shares during the period. Intech Investment Management LLC's holdings in Tempur Sealy International were worth $1,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TPX. Toronto Dominion Bank boosted its holdings in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company's stock worth $1,865,000 after purchasing an additional 210 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tempur Sealy International by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company's stock valued at $1,495,000 after acquiring an additional 220 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. Signaturefd LLC increased its position in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after acquiring an additional 255 shares during the last quarter. Finally, Hanlon Investment Management Inc. increased 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 purchasing an additional 261 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TPX has been the topic of a number of research analyst reports. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, November 1st. Wedbush upped their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of "Buy" and an average target price of $60.67.

Tempur Sealy International Stock Performance

NYSE:TPX traded up $3.45 on Monday, reaching $58.19. 721,882 shares of the company's stock were exchanged, compared to its average volume of 1,555,870. The stock has a fifty day simple moving average of $52.10 and a 200-day simple moving average of $50.83. Tempur Sealy International, Inc. has a 52 week low of $38.85 and a 52 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 $10.10 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 2.01 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company 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 earned $0.77 EPS. Tempur Sealy International's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.89%. Tempur Sealy International's dividend payout ratio (DPR) is 23.74%.

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.