Ceredex Value Advisors LLC Sells 139,025 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Ceredex Value Advisors LLC decreased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551,825 shares of the company's stock after selling 139,025 shares during the quarter. Ceredex Value Advisors LLC owned about 0.32% of Tempur Sealy International worth $30,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of Tempur Sealy International by 0.6% in the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company's stock worth $1,865,000 after acquiring an additional 210 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Tempur Sealy International by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company's stock worth $1,495,000 after purchasing an additional 220 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock valued at $60,000 after buying an additional 245 shares during the last quarter. Signaturefd LLC raised 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 buying an additional 255 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its stake in shares of Tempur Sealy International by 1.9% in the second 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 during the period. Institutional investors and hedge funds own 99.86% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on TPX. Truist Financial reduced their price objective on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Wedbush downgraded shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price target on the stock. in a research note on Wednesday, September 4th. Finally, Raymond James lowered their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $60.17.

Tempur Sealy International Price Performance

NYSE:TPX traded down $0.08 during trading hours on Friday, reaching $47.83. The company had a trading volume of 1,602,759 shares, compared to its average volume of 1,245,196. The firm has a market capitalization of $8.31 billion, a PE ratio of 22.78, a PEG ratio of 2.05 and a beta of 1.60. The stock has a 50-day moving average of $51.26 and a two-hundred day moving average of $50.48. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92.

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

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a yield of 1.09%. Tempur Sealy International's payout ratio is 24.76%.

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.