Meeder Asset Management Inc. Sells 27,019 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Meeder Asset Management Inc. lessened its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 93.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,892 shares of the company's stock after selling 27,019 shares during the period. Meeder Asset Management Inc.'s holdings in Tempur Sealy International were worth $90,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International during the first quarter worth $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International during the first quarter worth $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International during the fourth quarter worth $40,000. Signaturefd LLC boosted its holdings in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company's stock worth $58,000 after purchasing an additional 457 shares during the last quarter. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Performance

TPX stock traded up $2.26 during trading hours on Friday, reaching $51.43. The stock had a trading volume of 1,829,667 shares, compared to its average volume of 847,140. The stock has a market capitalization of $8.93 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a 50-day simple moving average of $50.52 and a 200 day simple moving average of $51.08. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. Analysts predict that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International's dividend payout ratio is presently 25.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial reduced their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. Piper Sandler restated an "overweight" rating and set a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Wedbush cut shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price for the company. in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International currently has an average rating of "Moderate Buy" and a consensus price target of $59.71.

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.