Shelton Capital Management decreased its holdings in Tempur Sealy International, Inc. (NYSE:TPX – Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,400 shares of the company’s stock after selling 277 shares during the quarter. Shelton Capital Management’s holdings in Tempur Sealy International were worth $337,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Tempur Sealy International by 0.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,538,796 shares of the company’s stock worth $61,660,000 after purchasing an additional 9,787 shares during the period. Burney Co. raised its holdings in Tempur Sealy International by 0.6% during the 2nd quarter. Burney Co. now owns 118,130 shares of the company’s stock worth $4,733,000 after buying an additional 753 shares during the period. Veritable L.P. lifted its stake in Tempur Sealy International by 22.3% during the second quarter. Veritable L.P. now owns 15,640 shares of the company’s stock valued at $627,000 after buying an additional 2,847 shares in the last quarter. Saltoro Capital LP purchased a new stake in Tempur Sealy International during the second quarter valued at about $647,000. Finally, BNP Paribas Arbitrage SNC boosted its holdings in shares of Tempur Sealy International by 129.6% in the second quarter. BNP Paribas Arbitrage SNC now owns 111,536 shares of the company’s stock worth $4,469,000 after buying an additional 62,958 shares during the period. Institutional investors own 99.86% of the company’s stock.
Insider Transactions at Tempur Sealy International
In related news, Director Evelyn S. Dilsaver sold 5,304 shares of Tempur Sealy International stock in a transaction on Friday, August 25th. The shares were sold at an average price of $43.75, for a total value of $232,050.00. Following the completion of the sale, the director now owns 143,938 shares of the company’s stock, valued at approximately $6,297,287.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.18% of the stock is currently owned by company insiders.
Tempur Sealy International Stock Up 1.5 %
Tempur Sealy International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Thursday, November 16th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, November 15th. Tempur Sealy International’s dividend payout ratio is 19.91%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Tempur Sealy International from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Friday, August 4th. Truist Financial reduced their target price on Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. StockNews.com assumed coverage on Tempur Sealy International in a report on Thursday, October 5th. They set a “hold” rating on the stock. KeyCorp reduced their price objective on Tempur Sealy International from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Finally, UBS Group decreased their price objective on Tempur Sealy International from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of “Moderate Buy” and an average price target of $47.33.
About Tempur Sealy International
Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, and Cocoon by Sealy brand names.
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