Bridgewater Associates LP Has $3.22 Million Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Bridgewater Associates LP cut its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 51.6% in the third quarter, Holdings Channel reports. The firm owned 58,937 shares of the company’s stock after selling 62,915 shares during the quarter. Bridgewater Associates LP’s holdings in Tempur Sealy International were worth $3,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vista Investment Partners LLC grew its position in shares of Tempur Sealy International by 72.1% during the 2nd quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock worth $2,996,000 after buying an additional 26,512 shares during the period. Qsemble Capital Management LP acquired a new position in Tempur Sealy International during the third quarter valued at approximately $867,000. Tidal Investments LLC bought a new stake in Tempur Sealy International in the first quarter valued at approximately $1,119,000. Makena Capital Management LLC raised its holdings in Tempur Sealy International by 4.9% in the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Tempur Sealy International by 5.7% during the second quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after purchasing an additional 26,994 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Raymond James dropped their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Stock Up 0.3 %

Shares of TPX stock opened at $55.98 on Friday. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 12-month low of $40.00 and a 12-month high of $58.44. The firm has a fifty day moving average of $52.41 and a 200-day moving average of $50.96. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. 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.