State Street Corp Raises Stake in Tempur Sealy International, Inc. (NYSE:TPX)

State Street Corp increased its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,025,440 shares of the company's stock after purchasing an additional 28,991 shares during the quarter. State Street Corp owned 2.89% of Tempur Sealy International worth $274,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Tempur Sealy International by 2.0% in the third quarter. FMR LLC now owns 8,678,359 shares of the company's stock worth $473,838,000 after buying an additional 169,848 shares during the period. Darsana Capital Partners LP grew its position in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock worth $331,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Linonia Partnership LP increased its stake in Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company's stock worth $223,597,000 after purchasing an additional 345,745 shares during the period. Eminence Capital LP increased its stake in Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock worth $106,478,000 after purchasing an additional 857,478 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company's stock valued at $98,559,000 after purchasing an additional 224,955 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Trading Up 0.3 %

Shares of Tempur Sealy International stock traded up $0.19 during midday trading on Wednesday, reaching $55.47. 1,156,918 shares of the company's stock traded hands, compared to its average volume of 1,555,069. The company has a market cap of $9.63 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64. The stock has a 50 day moving average of $52.60 and a 200-day moving average of $51.12. Tempur Sealy International, Inc. has a 12 month low of $45.04 and a 12 month high of $58.44. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. As a group, equities analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.94%. Tempur Sealy International's payout ratio is 23.74%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TPX shares. Raymond James decreased their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, November 1st. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $60.67.

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.