Boston Partners reduced its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 18.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 174,235 shares of the company’s stock after selling 39,663 shares during the quarter. Boston Partners owned approximately 0.32% of Tempur Sealy International worth $11,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after buying an additional 373,986 shares during the last quarter. BlackRock Inc. raised its holdings in Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after buying an additional 3,759,339 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its holdings in Tempur Sealy International by 5.1% in the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock worth $156,548,000 after purchasing an additional 143,395 shares in the last quarter. Timucuan Asset Management Inc. FL raised its holdings in Tempur Sealy International by 1.7% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock worth $84,954,000 after purchasing an additional 26,135 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in Tempur Sealy International by 0.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,055,523 shares of the company’s stock worth $56,354,000 after purchasing an additional 9,650 shares in the last quarter.

In other news, CEO Scott L. Thompson bought 19,565 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the purchase, the chief executive officer now owns 245,019 shares in the company, valued at $12,542,522.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP H Clifford Buster III bought 18,800 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares in the company, valued at approximately $996,964. The disclosure for this purchase can be found here. 2.10% of the stock is owned by corporate insiders.

TPX has been the subject of several research reports. Zacks Investment Research lowered shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Bank of America Corporation restated a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Piper Jaffray Companies set a $61.00 price objective on shares of Tempur Sealy International and gave the stock a “hold” rating in a report on Thursday, July 27th. ValuEngine lowered shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $61.33.

Tempur Sealy International, Inc. (NYSE:TPX) opened at $53.67 on Wednesday. Tempur Sealy International, Inc. has a one year low of $39.57 and a one year high of $70.45. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.77 and a current ratio of 1.08. The stock has a market cap of $2,904.62, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The firm had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. equities research analysts forecast that Tempur Sealy International, Inc. will post 3.25 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/15/tempur-sealy-international-inc-tpx-position-reduced-by-boston-partners.html.

Tempur Sealy International Profile

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

Receive News & Stock Ratings for Tempur Sealy International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc. and related stocks with our FREE daily email newsletter.