Paloma Partners Management Co Invests $202,000 in Tempur Sealy International, Inc. (NYSE:TPX)

Paloma Partners Management Co purchased a new stake in Tempur Sealy International, Inc. (NYSE:TPX) in the 3rd quarter, Holdings Channel reports. The fund purchased 3,700 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently modified their holdings of the business. Qsemble Capital Management LP purchased a new position in Tempur Sealy International in the third quarter worth $867,000. Vista Investment Partners LLC lifted its stake in shares of Tempur Sealy International by 72.1% in the second quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock valued at $2,996,000 after purchasing an additional 26,512 shares during the period. Makena Capital Management LLC lifted its stake in shares of Tempur Sealy International by 4.9% in the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock valued at $11,204,000 after purchasing an additional 9,554 shares during the period. Rhumbline Advisers boosted its holdings in Tempur Sealy International by 5.7% during the second quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after buying an additional 26,994 shares in the last quarter. Finally, Forest Avenue Capital Management LP grew its position in Tempur Sealy International by 52.2% during the second quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock worth $40,605,000 after buying an additional 294,222 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TPX shares. Wedbush lifted 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 objective 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 research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Trading Down 0.4 %

Shares of TPX opened at $55.01 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. Tempur Sealy International, Inc. has a 1-year low of $45.04 and a 1-year high of $58.44. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.06 and a beta of 1.64. The firm has a 50 day simple moving average of $52.57 and a 200-day simple moving average of $51.05.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.77 earnings per share. Tempur Sealy International’s revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

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 $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

About Tempur Sealy International

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.