Tempur Sealy International, Inc. (NYSE:TPX) Shares Purchased by Fmr LLC

FMR LLC increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,678,359 shares of the company's stock after buying an additional 169,848 shares during the quarter. FMR LLC owned about 5.00% of Tempur Sealy International worth $473,838,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in 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 purchasing an additional 413 shares during the period. Signaturefd LLC raised its holdings in Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after buying an additional 255 shares during the period. Truvestments Capital LLC acquired a new position in Tempur Sealy International in the third quarter valued at about $48,000. Gilliland Jeter Wealth Management LLC purchased a new position in Tempur Sealy International during the second quarter worth about $56,000. Finally, J.Safra Asset Management Corp boosted its stake in Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock worth $60,000 after buying an additional 245 shares during the period. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Stock Up 0.3 %

TPX traded up $0.17 during trading hours on Friday, hitting $55.98. 887,334 shares of the company's stock were exchanged, compared to its average volume of 1,558,861. The firm has a market cap of $9.72 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 12-month low of $40.00 and a 12-month high of $58.44. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a 50 day moving average of $52.41 and a 200 day moving average of $50.96.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. 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 will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International's payout ratio is presently 23.74%.

Wall Street Analyst Weigh In

TPX has been the topic of a number of research analyst reports. Raymond James reduced their price target 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 upped their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. 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 company's stock. According to data from MarketBeat.com, the stock 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.