Edgestream Partners L.P. Buys 59,947 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Edgestream Partners L.P. increased its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 129.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,158 shares of the company’s stock after purchasing an additional 59,947 shares during the period. Edgestream Partners L.P.’s holdings in Tempur Sealy International were worth $5,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPX. FMR LLC grew its position in Tempur Sealy International by 2.0% in the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after purchasing an additional 169,848 shares during the period. Darsana Capital Partners LP boosted its stake in shares of Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the last quarter. Linonia Partnership LP grew its holdings in shares of Tempur Sealy International by 9.2% in the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after acquiring an additional 345,745 shares during the period. Eminence Capital LP grew its holdings in shares of Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after acquiring an additional 857,478 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Tempur Sealy International by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after acquiring an additional 224,955 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

TPX has been the topic of several research reports. Wedbush raised their target price on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James dropped their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Performance

NYSE:TPX opened at $56.01 on Friday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock has a 50-day simple moving average of $52.37 and a two-hundred day simple moving average of $50.94. The firm has a market capitalization of $9.73 billion, a PE ratio of 25.58, a P/E/G ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 52-week low of $40.00 and a 52-week high of $58.44.

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

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. Tempur Sealy International’s payout ratio is 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.