State of New Jersey Common Pension Fund D Has $2.31 Million Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

State of New Jersey Common Pension Fund D cut its holdings in Tempur Sealy International, Inc. (NYSE:TPXGet Rating) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,508 shares of the company’s stock after selling 9,405 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Tempur Sealy International worth $2,306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust grew its position in shares of Tempur Sealy International by 67.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock valued at $34,000 after purchasing an additional 500 shares during the period. US Bancorp DE grew its position in shares of Tempur Sealy International by 87.4% in the 3rd quarter. US Bancorp DE now owns 1,441 shares of the company’s stock valued at $34,000 after purchasing an additional 672 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Tempur Sealy International by 211.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,841 shares of the company’s stock worth $39,000 after acquiring an additional 1,249 shares during the last quarter. ACG Wealth acquired a new position in Tempur Sealy International during the 2nd quarter worth approximately $48,000. Finally, Covestor Ltd boosted its position in Tempur Sealy International by 73.3% during the 1st quarter. Covestor Ltd now owns 3,334 shares of the company’s stock worth $93,000 after acquiring an additional 1,410 shares during the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com assumed coverage on Tempur Sealy International in a research report on Wednesday, October 12th. They set a “hold” rating for the company. The Goldman Sachs Group upped their price target on Tempur Sealy International from $33.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, January 12th. Finally, Wedbush upped their price target on Tempur Sealy International to $45.00 in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Tempur Sealy International Stock Performance

TPX opened at $39.67 on Tuesday. The firm has a market cap of $6.78 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.71. Tempur Sealy International, Inc. has a 52-week low of $20.03 and a 52-week high of $43.22. The business’s fifty day moving average is $33.39 and its 200-day moving average is $28.66.

Tempur Sealy International (NYSE:TPXGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. Tempur Sealy International had a negative return on equity of 1,393.65% and a net margin of 10.40%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. On average, research analysts predict that Tempur Sealy International, Inc. will post 2.57 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. Tempur Sealy International’s dividend payout ratio (DPR) is 14.13%.

Insider Transactions at Tempur Sealy International

In other Tempur Sealy International news, CFO Bhaskar Rao sold 27,198 shares of Tempur Sealy International stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $35.08, for a total value of $954,105.84. Following the completion of the sale, the chief financial officer now directly owns 347,988 shares in the company, valued at $12,207,419.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.48% of the stock is owned by corporate insiders.

Tempur Sealy International Company Profile

(Get Rating)

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.

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

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