Artemis Investment Management LLP Has $10.30 Million Position in Tempur Sealy International, Inc. (NYSE:TPX)

Artemis Investment Management LLP trimmed its position in Tempur Sealy International, Inc. (NYSE:TPX) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 181,753 shares of the company’s stock after selling 26,071 shares during the quarter. Artemis Investment Management LLP’s holdings in Tempur Sealy International were worth $10,304,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Darsana Capital Partners LP lifted its position in shares of Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Tempur Sealy International during the 3rd quarter valued at approximately $73,981,000. Eminence Capital LP increased its position in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after purchasing an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Tempur Sealy International in the 2nd quarter valued at approximately $37,278,000. Finally, Linonia Partnership LP grew its stake in shares of Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after buying an additional 548,004 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Stock Up 0.1 %

Tempur Sealy International stock opened at $59.62 on Monday. The firm has a 50 day moving average price of $55.85 and a two-hundred day moving average price of $52.60. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International, Inc. has a 52-week low of $45.04 and a 52-week high of $60.16. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.77 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPX. Truist Financial raised their price objective on Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 10th. Wedbush upped their price objective 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. Finally, Raymond James cut their target price on shares of 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 investment 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 stock. Based on data from MarketBeat, Tempur Sealy International currently has an average rating of “Buy” and an average price target of $61.50.

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.