Farther Finance Advisors LLC Acquires 416 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Farther Finance Advisors LLC increased its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 38.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,509 shares of the company’s stock after acquiring an additional 416 shares during the period. Farther Finance Advisors LLC’s holdings in Tempur Sealy International were worth $82,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in Tempur Sealy International in the first quarter worth about $26,000. Janney Montgomery Scott LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter worth approximately $1,435,000. Empowered Funds LLC boosted its holdings in Tempur Sealy International by 10.7% during the 1st quarter. Empowered Funds LLC now owns 22,705 shares of the company’s stock valued at $1,290,000 after acquiring an additional 2,190 shares during the period. Swiss National Bank grew its position in Tempur Sealy International by 0.3% in the 1st quarter. Swiss National Bank now owns 340,200 shares of the company’s stock valued at $19,330,000 after acquiring an additional 900 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Tempur Sealy International by 31.8% in the first quarter. Sei Investments Co. now owns 19,234 shares of the company’s stock worth $1,093,000 after purchasing an additional 4,644 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 0.3 %

Tempur Sealy International stock opened at $55.68 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm has a market cap of $9.67 billion, a P/E ratio of 25.42, a P/E/G ratio of 2.34 and a beta of 1.60. The business has a fifty day moving average of $51.34 and a two-hundred day moving average of $50.63. Tempur Sealy International, Inc. has a twelve month low of $36.98 and a twelve month high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wedbush increased their price objective on 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 dropped their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tempur Sealy International presently has a consensus rating of “Buy” and an average price target of $60.67.

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.