Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,783 shares of the company’s stock after selling 9,722 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Tempur Sealy International worth $15,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. State of Michigan Retirement System grew its holdings in Tempur Sealy International by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after acquiring an additional 200 shares during the period. Keystone Financial Group grew its stake in shares of Tempur Sealy International by 3.7% in the 3rd quarter. Keystone Financial Group now owns 8,831 shares of the company’s stock worth $383,000 after purchasing an additional 314 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Tempur Sealy International by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 73,280 shares of the company’s stock worth $3,176,000 after purchasing an additional 380 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Tempur Sealy International by 3.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,303 shares of the company’s stock valued at $490,000 after purchasing an additional 401 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Tempur Sealy International by 37.7% during the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock valued at $67,000 after purchasing an additional 421 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

Shares of TPX opened at $50.98 on Tuesday. The business’s 50-day moving average is $52.95 and its 200-day moving average is $48.30. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.15 and a beta of 1.56. Tempur Sealy International, Inc. has a fifty-two week low of $34.98 and a fifty-two week high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. Equities research analysts expect that Tempur Sealy International, Inc. will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a dividend of $0.13 per share. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a yield of 1.02%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.12%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TPX shares. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $61.00 in a report on Thursday, January 18th. Raymond James increased their price target on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Wedbush restated an “outperform” rating and set a $66.00 price objective on shares of Tempur Sealy International in a report on Wednesday, April 10th. KeyCorp upped their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International 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.