Public Employees Retirement System of Ohio lowered its position in shares of Tempur Sealy International Inc (NYSE:TPX) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,374 shares of the company’s stock after selling 271 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tempur Sealy International were worth $719,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its holdings in shares of Tempur Sealy International by 4.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,609 shares of the company’s stock valued at $481,000 after acquiring an additional 455 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $449,000. Centerbridge Partners L.P. acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $80,393,000. Squarepoint Ops LLC acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $5,080,000. Finally, Manor Road Capital Partners LLC acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $10,350,000.
In other news, Director Robert B. Trussell, Jr. sold 11,744 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $58.08, for a total transaction of $682,091.52. Following the completion of the transaction, the director now directly owns 17,260 shares in the company, valued at $1,002,460.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Evelyn S. Dilsaver sold 545 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $56.10, for a total value of $30,574.50. Following the transaction, the director now owns 19,803 shares of the company’s stock, valued at $1,110,948.30. The disclosure for this sale can be found here. Corporate insiders own 3.23% of the company’s stock.
A number of equities analysts have commented on TPX shares. Guggenheim raised Tempur Sealy International from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Zacks Investment Research raised Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Tempur Sealy International in a report on Friday, February 15th. Finally, Barclays started coverage on Tempur Sealy International in a report on Monday, January 28th. They set an “overweight” rating and a $70.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.76.
Shares of Tempur Sealy International stock opened at $62.80 on Monday. The company has a market capitalization of $3.44 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. Tempur Sealy International Inc has a fifty-two week low of $38.90 and a fifty-two week high of $64.90. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 7.35.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.07). The business had revenue of $676.10 million during the quarter, compared to analysts’ expectations of $659.74 million. Tempur Sealy International had a return on equity of 86.53% and a net margin of 3.69%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. Equities research analysts predict that Tempur Sealy International Inc will post 3.43 EPS for the current year.
Tempur Sealy International Profile
Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.
Featured Article: Understanding Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding TPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tempur Sealy International Inc (NYSE:TPX).
Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.