Sound Shore Management Inc CT Sells 304,987 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Sound Shore Management Inc CT trimmed its stake in shares of Tempur Sealy International, Inc. (NYSE:TPXGet Rating) by 10.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,738,454 shares of the company’s stock after selling 304,987 shares during the quarter. Tempur Sealy International comprises about 2.7% of Sound Shore Management Inc CT’s portfolio, making the stock its 21st biggest holding. Sound Shore Management Inc CT owned approximately 1.59% of Tempur Sealy International worth $66,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Tempur Sealy International by 14.2% during the 2nd quarter. FMR LLC now owns 23,770,474 shares of the company’s stock valued at $507,975,000 after acquiring an additional 2,960,002 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. lifted its position in shares of Tempur Sealy International by 4.9% during the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 5,129,505 shares of the company’s stock valued at $109,618,000 after acquiring an additional 241,479 shares during the period. State Street Corp raised its holdings in shares of Tempur Sealy International by 0.9% during the 1st quarter. State Street Corp now owns 4,859,198 shares of the company’s stock worth $135,669,000 after buying an additional 42,598 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Tempur Sealy International by 12.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,491,386 shares of the company’s stock worth $125,400,000 after buying an additional 501,445 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Tempur Sealy International by 28.4% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,965,264 shares of the company’s stock worth $41,998,000 after buying an additional 434,710 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TPX shares. Bank of America boosted their price target on Tempur Sealy International from $33.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 17th. Wedbush boosted their price target on Tempur Sealy International to $45.00 in a report on Tuesday, January 10th. Piper Sandler boosted their price target on Tempur Sealy International from $29.00 to $35.00 in a report on Wednesday. StockNews.com started coverage on Tempur Sealy International in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Loop Capital boosted their price target on Tempur Sealy International from $25.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, January 20th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Tempur Sealy International Stock Down 1.8 %

Shares of TPX opened at $37.79 on Wednesday. Tempur Sealy International, Inc. has a 12-month low of $20.03 and a 12-month high of $42.27. The business has a 50-day simple moving average of $34.25 and a two-hundred day simple moving average of $29.35. The stock has a market cap of $6.46 billion, a PE ratio of 13.59, a PEG ratio of 1.58 and a beta of 1.71.

Tempur Sealy International (NYSE:TPXGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a negative return on equity of 1,393.65% and a net margin of 10.40%. On average, equities research analysts expect that Tempur Sealy International, Inc. will post 2.57 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. Tempur Sealy International’s payout ratio is 14.13%.

Insider Activity

In other news, CFO Bhaskar Rao sold 27,198 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $35.08, for a total value of $954,105.84. Following the completion of the sale, the chief financial officer now owns 347,988 shares of the company’s stock, valued at $12,207,419.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.48% of the company’s stock.

Tempur Sealy International Company Profile

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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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