South Dakota Investment Council Cuts Position in Tempur Sealy International, Inc. (NYSE:TPX)

South Dakota Investment Council cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 21.1% in the 4th quarter, Holdings Channel reports. The fund owned 54,876 shares of the company’s stock after selling 14,700 shares during the quarter. South Dakota Investment Council’s holdings in Tempur Sealy International were worth $2,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPX. GAMMA Investing LLC bought a new position in shares of Tempur Sealy International during the fourth quarter valued at about $115,000. Handelsbanken Fonder AB grew its stake in shares of Tempur Sealy International by 23.7% during the fourth quarter. Handelsbanken Fonder AB now owns 39,120 shares of the company’s stock valued at $1,994,000 after buying an additional 7,500 shares during the last quarter. Strata Wealth Advisors LLC bought a new position in shares of Tempur Sealy International during the fourth quarter valued at about $2,826,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tempur Sealy International by 10.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,299 shares of the company’s stock valued at $1,952,000 after buying an additional 3,750 shares during the last quarter. Finally, Donaldson Capital Management LLC bought a new position in shares of Tempur Sealy International during the fourth quarter valued at about $1,477,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Tempur Sealy International Stock Performance

Tempur Sealy International stock opened at $50.50 on Thursday. The stock’s 50 day simple moving average is $52.98 and its two-hundred day simple moving average is $48.05. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.16 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 posted 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.03%. 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. Tempur Sealy International’s payout ratio is presently 25.12%.

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.