Natixis Advisors LLC Purchases 85,999 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Natixis Advisors LLC lifted its stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 61.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,037 shares of the company's stock after purchasing an additional 85,999 shares during the quarter. Natixis Advisors LLC owned 0.13% of Tempur Sealy International worth $12,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tempur Sealy International during the first quarter worth $26,000. UMB Bank n.a. grew its stake in shares of Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company's stock valued at $26,000 after buying an additional 413 shares in the last quarter. Signaturefd LLC increased its holdings in Tempur Sealy International by 35.1% in the second 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 bought a new position in Tempur Sealy International during the second quarter valued at approximately $56,000. Finally, J.Safra Asset Management Corp lifted its stake in 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 during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report 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 for the company in a research note on Friday, November 1st. One investment 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 company. According to MarketBeat, Tempur Sealy International has a consensus rating of "Buy" and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

NYSE TPX traded up $1.02 during trading on Thursday, hitting $54.40. The company's stock had a trading volume of 675,008 shares, compared to its average volume of 1,559,188. Tempur Sealy International, Inc. has a 52 week low of $38.85 and a 52 week high of $57.13. The firm has a market cap of $9.45 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.60. The firm has a 50 day moving average price of $52.04 and a 200 day moving average price of $50.82. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating 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 firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company earned $0.77 EPS. The business's quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. Tempur Sealy International's dividend payout ratio is currently 23.74%.

Tempur Sealy International Company 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.