Ontario Teachers Pension Plan Board Sells 2,462 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Ontario Teachers Pension Plan Board lessened its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 38.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,880 shares of the company’s stock after selling 2,462 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Tempur Sealy International were worth $212,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Darsana Capital Partners LP increased its stake in shares of Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Linonia Partnership LP grew its stake in shares of Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after acquiring an additional 548,004 shares during the period. Eminence Capital LP increased its holdings in Tempur Sealy International by 61.6% in the 2nd 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 last quarter. Dimensional Fund Advisors LP raised its stake in Tempur Sealy International by 12.1% in the 2nd 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 period. Finally, Van Berkom & Associates Inc. lifted its holdings in Tempur Sealy International by 10.5% during the second quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock valued at $71,413,000 after purchasing an additional 143,535 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

Tempur Sealy International stock opened at $54.74 on Friday. The firm’s 50 day simple moving average is $52.10 and its 200 day simple moving average is $50.85. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 1-year low of $38.85 and a 1-year high of $57.13. The firm has a market capitalization of $9.51 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. As a group, analysts expect that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently declared 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 is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush lifted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James reduced their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and a consensus target price of $60.67.

About Tempur Sealy International

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.