Cumberland Partners Ltd Boosts Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Cumberland Partners Ltd raised its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,577 shares of the company’s stock after purchasing an additional 25,545 shares during the period. Cumberland Partners Ltd owned 0.09% of Tempur Sealy International worth $8,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in Tempur Sealy International by 8.0% in the third quarter. SG Americas Securities LLC now owns 34,415 shares of the company’s stock worth $1,492,000 after acquiring an additional 2,554 shares in the last quarter. Hanlon Investment Management Inc. acquired a new stake in shares of Tempur Sealy International during the third quarter worth about $824,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 worth $490,000 after purchasing an additional 401 shares during the period. Raymond James & Associates lifted its holdings in shares of Tempur Sealy International by 4.6% during the third quarter. Raymond James & Associates now owns 458,808 shares of the company’s stock worth $19,885,000 after purchasing an additional 20,147 shares during the period. Finally, Simon Quick Advisors LLC lifted its holdings in shares of Tempur Sealy International by 74.0% during the third quarter. Simon Quick Advisors LLC now owns 11,293 shares of the company’s stock worth $489,000 after purchasing an additional 4,804 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 2.4 %

NYSE:TPX traded up $1.19 on Tuesday, hitting $50.32. The stock had a trading volume of 1,439,081 shares, compared to its average volume of 1,679,883. The company has a fifty day moving average price of $52.98 and a two-hundred day moving average price of $48.04. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.13 and a beta of 1.56. Tempur Sealy International, Inc. has a 1-year low of $34.98 and a 1-year high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPX) last released its quarterly 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 net margin of 7.47% and a return on equity of 239.67%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted $0.54 earnings per share. Tempur Sealy International’s revenue was down 1.4% on a year-over-year basis. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s payout ratio is 25.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TPX. Truist Financial raised their price objective on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. Raymond James lifted their target price on shares of 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. KeyCorp lifted their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International has an average rating of “Buy” and a consensus price target of $62.71.

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.