1,354,970 Shares in Tempur Sealy International, Inc. (NYSE:TPX) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,354,970 shares of the company's stock, valued at approximately $73,981,000. Wellington Management Group LLP owned about 0.78% of Tempur Sealy International at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company's stock worth $26,000 after acquiring an additional 413 shares during the period. Brooklyn Investment Group bought a new position in shares of Tempur Sealy International in the third quarter worth about $27,000. Truvestments Capital LLC bought a new position in shares of Tempur Sealy International in the third quarter worth about $48,000. Signaturefd LLC lifted its position in shares of Tempur Sealy International by 35.1% during the 2nd 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. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Tempur Sealy International during the 2nd quarter valued at approximately $56,000. 99.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TPX. Raymond James dropped their price target on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. Wedbush raised their price objective on shares of 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 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 MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

Tempur Sealy International stock traded up $0.19 on Wednesday, hitting $55.47. The company's stock had a trading volume of 1,248,413 shares, compared to its average volume of 1,555,452. Tempur Sealy International, Inc. has a one year low of $45.04 and a one year high of $58.44. The firm has a market cap of $9.63 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64. 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 company has a fifty day moving average price of $52.60 and a 200-day moving average price of $51.12.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its 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. The business had revenue of $1.30 billion for 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 firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

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

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.