Nilsine Partners LLC Has $8.88 Million Stake in Somnigroup International Inc. $SGI

Nilsine Partners LLC lowered its stake in Somnigroup International Inc. (NYSE:SGI) by 37.3% in the second quarter, Holdings Channel reports. The fund owned 113,268 shares of the company’s stock after selling 67,305 shares during the quarter. Nilsine Partners LLC’s holdings in Somnigroup International were worth $8,880,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SGI. Sanctuary Advisors LLC grew its holdings in shares of Somnigroup International by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after purchasing an additional 141 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after purchasing an additional 142 shares during the last quarter. Fifth Third Bancorp lifted its stake in Somnigroup International by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after purchasing an additional 148 shares during the last quarter. Platform Technology Partners boosted its position in Somnigroup International by 5.9% in the first quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock valued at $205,000 after buying an additional 155 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Somnigroup International by 0.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company’s stock worth $2,872,000 after buying an additional 172 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Trading Up 0.3%

Shares of NYSE SGI opened at $69.76 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The firm has a 50 day moving average price of $69.37 and a two-hundred day moving average price of $73.62. The stock has a market cap of $14.68 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company had revenue of $1.82 billion for the quarter. During the same quarter last year, the firm posted $0.53 EPS. Somnigroup International’s revenue for the quarter was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities analysts forecast that Somnigroup International Inc. will post 3.04 EPS for the current year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

Analyst Upgrades and Downgrades

SGI has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Morgan Stanley assumed coverage on Somnigroup International in a report on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective on the stock. UBS Group boosted their price objective on Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial lowered their target price on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Somnigroup International presently has an average rating of “Moderate Buy” and a consensus price target of $96.12.

Insider Buying and Selling

In related news, CEO Scott Thompson bought 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.99% of the company’s stock.

Somnigroup International Company Profile

Somnigroup 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. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.