Public Employees Retirement System of Ohio Sells 3,035 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Public Employees Retirement System of Ohio lowered its position in Tempur Sealy International, Inc. (NYSE:TPX) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 60,932 shares of the company’s stock after selling 3,035 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tempur Sealy International were worth $3,327,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TPX. Qsemble Capital Management LP purchased a new stake in Tempur Sealy International in the third quarter valued at about $867,000. Makena Capital Management LLC raised its position in shares of Tempur Sealy International by 4.9% in the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock valued at $11,204,000 after purchasing an additional 9,554 shares during the last quarter. Rhumbline Advisers boosted its stake in Tempur Sealy International by 5.7% in the 2nd 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. Forest Avenue Capital Management LP grew its position in Tempur Sealy International by 52.2% during the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock worth $40,605,000 after purchasing an additional 294,222 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Tempur Sealy International by 27.4% during the 3rd quarter. Cerity Partners LLC now owns 69,578 shares of the company’s stock valued at $3,799,000 after purchasing an additional 14,964 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

TPX has been the subject of several research reports. Raymond James lowered 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. Wedbush lifted their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Trading Down 1.2 %

NYSE TPX opened at $57.18 on Tuesday. The company has a fifty day moving average of $52.90 and a 200 day moving average of $51.31. The company has a market capitalization of $9.93 billion, a PE ratio of 26.11, a P/E/G ratio of 2.12 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. Tempur Sealy International, Inc. has a 1 year low of $45.04 and a 1 year high of $58.44.

Tempur Sealy International (NYSE:TPX) last issued 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. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. Research analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) 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.