Citigroup Inc. Acquires 18,137 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Citigroup Inc. lifted its stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 29.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,601 shares of the company's stock after buying an additional 18,137 shares during the period. Citigroup Inc.'s holdings in Tempur Sealy International were worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock valued at $26,000 after buying an additional 413 shares during the period. Signaturefd LLC lifted its stake in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in Tempur Sealy International during the second quarter worth $56,000. J.Safra Asset Management Corp lifted its stake in shares of Tempur Sealy International by 23.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock valued at $60,000 after acquiring an additional 245 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of 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 acquiring an additional 416 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TPX has been the subject of a number of research reports. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Raymond James decreased 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 research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Trading Down 0.4 %

Tempur Sealy International stock traded down $0.22 during trading hours on Wednesday, reaching $56.02. 938,505 shares of the company's stock were exchanged, compared to its average volume of 1,558,734. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm's 50 day simple moving average is $52.50 and its 200 day simple moving average is $50.97. Tempur Sealy International, Inc. has a twelve month low of $43.32 and a twelve month high of $58.44. The firm has a market capitalization of $9.73 billion, a PE ratio of 25.51, a PEG ratio of 2.06 and a beta of 1.64.

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

Tempur Sealy International Dividend Announcement

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

Tempur Sealy International 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.