Wedge Capital Management L L P NC cut its stake in Tempur Sealy International Inc (NYSE:TPX) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 382,786 shares of the company’s stock after selling 54,282 shares during the period. Wedge Capital Management L L P NC owned 0.71% of Tempur Sealy International worth $33,325,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new position in Tempur Sealy International in the 3rd quarter worth approximately $63,000. World Asset Management Inc bought a new stake in Tempur Sealy International in the third quarter valued at about $202,000. AJ Wealth Strategies LLC acquired a new position in shares of Tempur Sealy International in the 2nd quarter worth approximately $220,000. OmniStar Financial Group Inc. boosted its stake in Tempur Sealy International by 5.6% in the 3rd quarter. OmniStar Financial Group Inc. now owns 2,894 shares of the company’s stock valued at $223,000 after buying an additional 154 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in Tempur Sealy International in the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.

A number of research analysts have issued reports on TPX shares. Raymond James set a $105.00 target price on shares of Tempur Sealy International and gave the company a “buy” rating in a research note on Friday, November 1st. KeyCorp set a $105.00 price objective on shares of Tempur Sealy International and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital boosted their target price on Tempur Sealy International to $85.00 and gave the stock a “hold” rating in a report on Friday, November 1st. They noted that the move was a valuation call. Stifel Nicolaus set a $105.00 price target on Tempur Sealy International and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Sunday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $91.17.

Shares of TPX stock opened at $87.86 on Thursday. Tempur Sealy International Inc has a 1 year low of $48.99 and a 1 year high of $92.33. The firm’s 50 day moving average is $86.47 and its 200-day moving average is $80.65. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 0.60 and a beta of 1.64. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 5.04.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.16. The business had revenue of $821.00 million during the quarter, compared to analyst estimates of $797.24 million. Tempur Sealy International had a net margin of 5.35% and a return on equity of 70.52%. Tempur Sealy International’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. On average, equities research analysts forecast that Tempur Sealy International Inc will post 3.8 earnings per share for the current fiscal year.

In other Tempur Sealy International news, Director Arik W. Ruchim sold 2,300,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $85.99, for a total transaction of $197,777,000.00. Also, Director Evelyn S. Dilsaver sold 371 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $82.87, for a total value of $30,744.77. Following the sale, the director now directly owns 26,954 shares of the company’s stock, valued at $2,233,677.98. The disclosure for this sale can be found here. Insiders have sold 4,651,318 shares of company stock worth $399,405,711 in the last ninety days. 3.23% of the stock is currently owned by insiders.

Tempur Sealy International Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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

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