Teachers Retirement System of The State of Kentucky Has $1.25 Million Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,020 shares of the company’s stock after selling 3,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tempur Sealy International were worth $1,254,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Private Advisory Group LLC raised its holdings in Tempur Sealy International by 1.3% during the 3rd quarter. Private Advisory Group LLC now owns 17,209 shares of the company’s stock worth $799,000 after buying an additional 213 shares during the period. Fifth Third Bancorp raised its holdings in Tempur Sealy International by 61.7% during the 3rd quarter. Fifth Third Bancorp now owns 621 shares of the company’s stock worth $29,000 after buying an additional 237 shares during the period. JustInvest LLC raised its holdings in Tempur Sealy International by 2.8% during the 3rd quarter. JustInvest LLC now owns 9,508 shares of the company’s stock worth $441,000 after buying an additional 255 shares during the period. CIBC Asset Management Inc raised its holdings in Tempur Sealy International by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,911 shares of the company’s stock worth $367,000 after buying an additional 260 shares during the period. Finally, Salvus Wealth Management LLC raised its holdings in Tempur Sealy International by 0.8% during the 3rd quarter. Salvus Wealth Management LLC now owns 61,064 shares of the company’s stock worth $2,834,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 93.05% of the company’s stock.

TPX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Saturday, January 8th. Truist Securities lifted their price objective on shares of Tempur Sealy International from $54.00 to $60.00 and gave the company a “buy” rating in a report on Monday, January 10th. Piper Sandler lifted their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, November 10th. Finally, Truist lifted their price objective on shares of Tempur Sealy International from $54.00 to $60.00 in a report on Monday, January 10th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus price target of $51.20.

In other Tempur Sealy International news, Director Evelyn S. Dilsaver sold 1,451 shares of Tempur Sealy International stock in a transaction on Wednesday, November 24th. The shares were sold at an average price of $43.96, for a total transaction of $63,785.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.78% of the company’s stock.

TPX stock opened at $42.09 on Friday. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.28 and a quick ratio of 0.95. The company has a fifty day moving average price of $45.13 and a two-hundred day moving average price of $44.42. Tempur Sealy International, Inc. has a one year low of $25.88 and a one year high of $50.51. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.48 and a beta of 1.77.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, October 28th. The company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. Tempur Sealy International had a net margin of 12.82% and a return on equity of 155.99%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. Research analysts anticipate that Tempur Sealy International, Inc. will post 3.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 23rd. Shareholders of record on Thursday, November 11th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 9th. This represents a $0.36 dividend on an annualized basis and a yield of 0.86%. Tempur Sealy International’s dividend payout ratio (DPR) is 12.63%.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

Further Reading: Death Cross

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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