Nilsine Partners LLC Acquires 6,900 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Nilsine Partners LLC increased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,691 shares of the company’s stock after purchasing an additional 6,900 shares during the quarter. Tempur Sealy International accounts for 1.2% of Nilsine Partners LLC’s holdings, making the stock its 15th biggest position. Nilsine Partners LLC owned approximately 0.11% of Tempur Sealy International worth $10,810,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Kieckhefer Group LLC bought a new stake in Tempur Sealy International in the 4th quarter valued at approximately $994,000. Qsemble Capital Management LP acquired a new stake in shares of Tempur Sealy International in the third quarter valued at approximately $867,000. Argent Capital Management LLC lifted its position in shares of Tempur Sealy International by 9.6% in the fourth quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock worth $4,201,000 after purchasing an additional 6,498 shares in the last quarter. Makena Capital Management LLC boosted its holdings in Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in Tempur Sealy International in the fourth quarter valued at $246,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

Shares of TPX opened at $59.68 on Tuesday. The firm has a market capitalization of $10.36 billion, a PE ratio of 27.25, a PEG ratio of 1.94 and a beta of 1.63. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company’s 50-day moving average is $56.47 and its 200-day moving average is $53.17. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $61.60.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that Tempur Sealy International, Inc. will post 2.52 EPS for the current year.

Tempur Sealy International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on TPX. Wedbush increased their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Truist Financial upped their target price on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Raymond James reduced their price target on 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.