Cumberland Partners Ltd Purchases 25,545 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Cumberland Partners Ltd increased its position in Tempur Sealy International, Inc. (NYSE:TPX) by 19.1% in the 4th quarter, Holdings Channel reports. The firm owned 159,577 shares of the company’s stock after buying an additional 25,545 shares during the quarter. Cumberland Partners Ltd’s holdings in Tempur Sealy International were worth $8,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. London Co. of Virginia lifted its holdings in shares of Tempur Sealy International by 1.4% during the third quarter. London Co. of Virginia now owns 1,129,161 shares of the company’s stock valued at $48,938,000 after acquiring an additional 16,087 shares during the period. Donaldson Capital Management LLC bought a new position in shares of Tempur Sealy International during the fourth quarter valued at $1,477,000. Barclays PLC lifted its holdings in shares of Tempur Sealy International by 78.5% during the third quarter. Barclays PLC now owns 954,306 shares of the company’s stock valued at $41,359,000 after acquiring an additional 419,638 shares during the period. Repertoire Partners LP bought a new position in shares of Tempur Sealy International during the third quarter valued at $2,167,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Tempur Sealy International by 61.9% during the third quarter. Envestnet Asset Management Inc. now owns 292,507 shares of the company’s stock valued at $12,677,000 after acquiring an additional 111,845 shares during the period. 99.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TPX. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. Wedbush restated an “outperform” rating and issued a $66.00 target price on shares of Tempur Sealy International in a research note on Wednesday, April 10th. KeyCorp raised their target price on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Truist Financial raised their target price on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Raymond James raised their target price on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Trading Up 2.4 %

TPX stock traded up $1.19 during midday trading on Tuesday, reaching $50.32. The stock had a trading volume of 1,439,081 shares, compared to its average volume of 1,679,883. The business has a fifty day simple moving average of $52.98 and a two-hundred day simple moving average of $48.04. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.13 and a beta of 1.56. Tempur Sealy International, Inc. has a twelve month low of $34.98 and a twelve month high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. Tempur Sealy International’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. As a group, research analysts expect that Tempur Sealy International, Inc. will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Wednesday, February 21st. Tempur Sealy International’s payout ratio is presently 25.12%.

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.