Donaldson Capital Management LLC Grows Position in Somnigroup International Inc. $SGI

Donaldson Capital Management LLC boosted its position in shares of Somnigroup International Inc. (NYSE:SGI) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,392 shares of the company’s stock after purchasing an additional 13,421 shares during the period. Donaldson Capital Management LLC’s holdings in Somnigroup International were worth $8,338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SGI. Exchange Traded Concepts LLC bought a new stake in Somnigroup International in the fourth quarter worth about $202,000. Salvus Wealth Management LLC raised its holdings in shares of Somnigroup International by 0.4% in the fourth quarter. Salvus Wealth Management LLC now owns 59,465 shares of the company’s stock worth $5,309,000 after buying an additional 235 shares during the period. Salem Investment Counselors Inc. raised its holdings in shares of Somnigroup International by 29.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 19,200 shares of the company’s stock worth $1,714,000 after buying an additional 4,400 shares during the period. SG Americas Securities LLC lifted its stake in shares of Somnigroup International by 134.5% during the 4th quarter. SG Americas Securities LLC now owns 84,144 shares of the company’s stock worth $7,512,000 after acquiring an additional 48,257 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Somnigroup International by 15.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock worth $786,000 after acquiring an additional 1,173 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SGI has been the topic of several research analyst reports. Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Truist Financial lifted their target price on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their target price for the company from $90.00 to $88.00 in a research note on Thursday. Stephens assumed coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Somnigroup International in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.75.

Somnigroup International Stock Performance

Shares of SGI opened at $70.45 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.42. The stock has a 50 day simple moving average of $86.58. Somnigroup International Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $98.56. The stock has a market cap of $14.82 billion, a PE ratio of 39.36, a PEG ratio of 0.91 and a beta of 1.28.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $1.87 billion during the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The business’s quarterly revenue was up 54.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 5th. Somnigroup International’s payout ratio is presently 37.99%.

About Somnigroup International

Somnigroup 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. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.