Cerity Partners LLC Purchases 16,448 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Cerity Partners LLC boosted its position in Tempur Sealy International, Inc. (NYSE:TPX) by 66.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 41,300 shares of the company’s stock after buying an additional 16,448 shares during the period. Cerity Partners LLC’s holdings in Tempur Sealy International were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Tempur Sealy International by 70.7% during the 1st quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock valued at $2,224,000 after acquiring an additional 32,989 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Tempur Sealy International by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock valued at $574,000 after acquiring an additional 1,476 shares during the period. Bank of Montreal Can lifted its position in shares of Tempur Sealy International by 17.1% during the 1st quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock valued at $871,000 after acquiring an additional 4,379 shares during the period. Rhumbline Advisers lifted its position in shares of Tempur Sealy International by 2.8% during the 1st quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock valued at $14,201,000 after acquiring an additional 13,942 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Tempur Sealy International by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock valued at $1,970,000 after acquiring an additional 6,727 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TPX has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Raymond James boosted their price target on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. KeyCorp boosted their price target on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Wedbush reissued an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a report on Wednesday, April 10th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Price Performance

Shares of TPX opened at $48.79 on Friday. Tempur Sealy International, Inc. has a 12-month low of $34.98 and a 12-month high of $57.13. The business has a 50-day simple moving average of $53.03 and a two-hundred day simple moving average of $47.82. 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 stock has a market cap of $8.47 billion, a PE ratio of 23.57, a PEG ratio of 1.15 and a beta of 1.56.

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

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, February 21st. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio is presently 25.12%.

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.