Quantbot Technologies LP Grows Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Quantbot Technologies LP raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 116.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,734 shares of the company's stock after acquiring an additional 61,689 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Tempur Sealy International worth $6,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TPX. Tidal Investments LLC purchased a new stake in shares of Tempur Sealy International in the first quarter worth about $1,119,000. Vista Investment Partners LLC purchased a new stake in Tempur Sealy International in the 1st quarter worth approximately $2,090,000. Cetera Advisors LLC bought a new position in Tempur Sealy International in the 1st quarter valued at $414,000. SG Americas Securities LLC grew its position in shares of Tempur Sealy International by 33.2% during the 2nd quarter. SG Americas Securities LLC now owns 13,477 shares of the company's stock valued at $638,000 after purchasing an additional 3,358 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in shares of 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 worth $60,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 99.86% of the company's stock.

Analyst Upgrades and Downgrades

TPX has been the subject of several recent analyst reports. Wedbush boosted their target price 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 cut their price objective on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tempur Sealy International has a consensus rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Price Performance

TPX stock traded down $1.81 during mid-day trading on Tuesday, hitting $56.05. 1,899,394 shares of the stock were exchanged, compared to its average volume of 1,562,677. The business has a fifty day moving average price of $52.23 and a 200 day moving average price of $50.86. Tempur Sealy International, Inc. has a 12 month low of $38.85 and a 12 month 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 stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.01 and a beta of 1.60.

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

Tempur Sealy International Announces Dividend

The company also recently announced 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. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International's dividend payout ratio is 23.74%.

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.