Artemis Investment Management LLP Sells 26,071 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Artemis Investment Management LLP lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 181,753 shares of the company’s stock after selling 26,071 shares during the quarter. Artemis Investment Management LLP owned approximately 0.10% of Tempur Sealy International worth $10,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its holdings in shares of Tempur Sealy International by 1.9% in the second quarter. Federated Hermes Inc. now owns 18,853 shares of the company’s stock valued at $893,000 after purchasing an additional 353 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Tempur Sealy International by 23.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,163 shares of the company’s stock valued at $18,849,000 after buying an additional 76,785 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Tempur Sealy International by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after acquiring an additional 224,955 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Tempur Sealy International by 15.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,632 shares of the company’s stock worth $629,000 after acquiring an additional 1,696 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Tempur Sealy International during the second quarter valued at $1,422,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

TPX opened at $59.62 on Monday. The company has a fifty day simple moving average of $55.85 and a 200 day simple moving average of $52.60. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market cap of $10.35 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.77 and a beta of 1.63. Tempur Sealy International, Inc. has a 12 month low of $45.04 and a 12 month high of $60.16.

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

Tempur Sealy International Announces Dividend

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

Wall Street Analyst Weigh In

TPX has been the subject of several recent research reports. Wedbush boosted their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Finally, Truist Financial raised their price target on Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. 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 company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price 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.