Quantbot Technologies LP Acquires 61,689 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Quantbot Technologies LP raised its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 116.3% during the third quarter, HoldingsChannel.com reports. The fund owned 114,734 shares of the company’s stock after purchasing an additional 61,689 shares during the period. Quantbot Technologies LP’s holdings in Tempur Sealy International were worth $6,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TPX. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after purchasing an additional 413 shares in the last quarter. Signaturefd LLC lifted its stake in Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Tempur Sealy International in the third quarter valued at approximately $48,000. Gilliland Jeter Wealth Management LLC acquired a new stake in Tempur Sealy International in the second quarter valued at approximately $56,000. Finally, J.Safra Asset Management Corp grew its stake in shares of Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after buying an additional 245 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 5.7 %

NYSE TPX opened at $57.87 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The business has a 50 day moving average price of $52.23 and a 200-day moving average price of $50.86. Tempur Sealy International, Inc. has a 52 week low of $38.85 and a 52 week high of $58.44. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.01 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities 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 business 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. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.90%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Analyst Upgrades and Downgrades

TPX has been the subject of a number of research reports. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus 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.