Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 51.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,937 shares of the company's stock after selling 62,915 shares during the quarter. Bridgewater Associates LP's holdings in Tempur Sealy International were worth $3,218,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in shares of Tempur Sealy International in the first quarter valued at approximately $1,119,000. Cetera Advisors LLC purchased a new position in Tempur Sealy International during the 1st quarter worth $414,000. SG Americas Securities LLC lifted its stake in shares of Tempur Sealy International by 33.2% in the 2nd quarter. SG Americas Securities LLC now owns 13,477 shares of the company's stock worth $638,000 after acquiring an additional 3,358 shares during the period. J.Safra Asset Management Corp boosted 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 valued at $60,000 after acquiring an additional 245 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in shares of Tempur Sealy International by 28.6% during the second quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company's stock worth $5,612,000 after acquiring an additional 26,392 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on TPX. 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 reduced 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 issued a strong buy rating to the company. According to 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

NYSE TPX traded up $0.17 during mid-day trading on Friday, hitting $55.98. The stock had a trading volume of 887,334 shares, compared to its average volume of 1,543,314. The company has a 50 day simple moving average of $52.41 and a 200 day simple moving average of $50.94. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 52-week low of $40.00 and a 52-week high of $58.44. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating 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 business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business posted $0.77 earnings per share. The business's revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts forecast 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 will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. Tempur Sealy International's dividend payout ratio is currently 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.