Stifel Financial Corp Sells 45,346 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Stifel Financial Corp cut its position in Tempur Sealy International, Inc. (NYSE:TPX) by 68.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,015 shares of the company’s stock after selling 45,346 shares during the quarter. Stifel Financial Corp’s holdings in Tempur Sealy International were worth $1,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Tempur Sealy International in the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new stake in Tempur Sealy International in the 3rd quarter valued at about $48,000. Signaturefd LLC grew 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after purchasing an additional 416 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James cut their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush upped their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Up 0.7 %

NYSE TPX opened at $55.44 on Monday. The business has a fifty day moving average price of $53.24 and a two-hundred day moving average price of $51.44. The stock has a market capitalization of $9.63 billion, a PE ratio of 25.32, a PEG ratio of 2.12 and a beta of 1.64. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $58.44. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. Equities analysts expect that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

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

Tempur Sealy International Company 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.