Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 463,674 shares of the company's stock after selling 37,729 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of Tempur Sealy International worth $25,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of TPX. Coldstream Capital Management Inc. boosted its holdings in shares of Tempur Sealy International by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company's stock worth $354,000 after buying an additional 194 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Tempur Sealy International by 1.9% in the second quarter. Federated Hermes Inc. now owns 18,853 shares of the company's stock valued at $893,000 after acquiring an additional 353 shares in the last quarter. UMB Bank n.a. raised its stake 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 worth $26,000 after purchasing an additional 413 shares during the period. Farther Finance Advisors LLC boosted its stake 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 acquiring an additional 416 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Tempur Sealy International during the 3rd quarter worth approximately $27,000. 99.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TPX shares. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Raymond James decreased their price target on 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. One research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $60.67.

Tempur Sealy International Stock Up 0.1 %

TPX stock traded up $0.08 on Wednesday, reaching $55.06. 762,274 shares of the company traded hands, compared to its average volume of 1,090,555. Tempur Sealy International, Inc. has a one year low of $45.04 and a one year 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 fifty day simple moving average of $54.77 and a 200-day simple moving average of $52.06. The company has a market cap of $9.56 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Research analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently declared 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. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's payout ratio 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.