Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 405,340 shares of the company's stock after selling 174,544 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Tempur Sealy International worth $22,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPX. QRG Capital Management Inc. purchased a new position in Tempur Sealy International during the third quarter worth about $218,000. Donaldson Capital Management LLC boosted its position in shares of Tempur Sealy International by 16.7% during the 3rd quarter. Donaldson Capital Management LLC now owns 52,544 shares of the company's stock worth $2,869,000 after purchasing an additional 7,515 shares during the period. Farther Finance Advisors LLC increased its holdings in Tempur Sealy International by 38.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company's stock valued at $82,000 after purchasing an additional 416 shares during the last quarter. Custom Index Systems LLC acquired a new stake in Tempur Sealy International in the 3rd quarter valued at approximately $368,000. Finally, State of Alaska Department of Revenue raised its position in Tempur Sealy International by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 20,054 shares of the company's stock valued at $1,094,000 after purchasing an additional 1,365 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Stock Down 1.0 %

NYSE:TPX traded down $0.53 during midday trading on Thursday, reaching $54.79. The company had a trading volume of 502,347 shares, compared to its average volume of 1,567,930. Tempur Sealy International, Inc. has a 12-month low of $38.85 and a 12-month high of $57.13. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 2.04 and a beta of 1.60. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The stock's fifty day simple moving average is $51.43 and its 200-day simple moving average is $50.66.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during 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%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, sell-side analysts anticipate 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. Stockholders of record on Thursday, November 21st will be issued 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 0.95%. Tempur Sealy International's payout ratio is 23.74%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TPX. Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research report 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $60.67.

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.