Principal Financial Group Inc. Reduces Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Principal Financial Group Inc. lessened its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 30.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 405,340 shares of the company's stock after selling 174,544 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Tempur Sealy International worth $22,132,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TPX. Franklin Resources Inc. raised its stake in Tempur Sealy International by 29.7% in the third quarter. Franklin Resources Inc. now owns 85,611 shares of the company's stock valued at $4,333,000 after buying an additional 19,621 shares during the last quarter. Tidal Investments LLC raised its position in Tempur Sealy International by 21.4% during the 3rd quarter. Tidal Investments LLC now owns 5,669 shares of the company's stock worth $310,000 after buying an additional 1,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in Tempur Sealy International during the 3rd quarter valued at approximately $420,000. Toronto Dominion Bank increased its stake in shares of Tempur Sealy International by 10.1% in the third quarter. Toronto Dominion Bank now owns 20,340 shares of the company's stock worth $1,111,000 after acquiring an additional 1,865 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Tempur Sealy International by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company's stock valued at $354,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TPX shares. Wedbush upped their price target on shares of 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 report on Friday, November 1st. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Trading Down 0.3 %

Shares of NYSE TPX traded down $0.18 during trading on Thursday, reaching $55.83. The stock had a trading volume of 765,200 shares, compared to its average volume of 1,554,236. The company has a market cap of $9.70 billion, a P/E ratio of 25.49, a PEG ratio of 2.12 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The business's 50-day moving average price is $53.66 and its 200-day moving average price is $51.60. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $58.44.

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

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's dividend payout ratio is presently 23.74%.

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.