Truvestments Capital LLC Invests $48,000 in Tempur Sealy International, Inc. (NYSE:TPX)

Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 883 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors have also modified their holdings of TPX. UMB Bank n.a. raised its position in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after purchasing an additional 413 shares during the last quarter. Signaturefd LLC raised its position in Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International in the 2nd quarter valued at $56,000. J.Safra Asset Management Corp raised its position in Tempur Sealy International by 23.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Tempur Sealy International by 38.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after purchasing an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Raymond James reduced their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

Shares of TPX opened at $55.79 on Thursday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock has a market capitalization of $9.69 billion, a P/E ratio of 25.47, a P/E/G ratio of 2.12 and a beta of 1.60. The company’s fifty day moving average is $52.29 and its two-hundred day moving average is $50.87. Tempur Sealy International, Inc. has a 1 year low of $38.85 and a 1 year high of $58.44.

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

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Tempur Sealy International 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.