Nisa Investment Advisors LLC Sells 37,051 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Nisa Investment Advisors LLC reduced its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 42.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,774 shares of the company's stock after selling 37,051 shares during the quarter. Nisa Investment Advisors LLC's holdings in Tempur Sealy International were worth $2,537,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TPX. BlackRock Inc. grew its holdings in shares of Tempur Sealy International by 0.9% during the first quarter. BlackRock Inc. now owns 14,468,794 shares of the company's stock worth $571,373,000 after buying an additional 133,997 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Tempur Sealy International by 50.0% during the first quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company's stock worth $570,832,000 after buying an additional 4,815,650 shares in the last quarter. Browning West LP grew its holdings in shares of Tempur Sealy International by 7.2% during the first quarter. Browning West LP now owns 11,690,989 shares of the company's stock worth $461,677,000 after buying an additional 784,200 shares in the last quarter. State Street Corp grew its holdings in shares of Tempur Sealy International by 4.7% during the second quarter. State Street Corp now owns 5,706,958 shares of the company's stock worth $228,678,000 after buying an additional 253,965 shares in the last quarter. Finally, Lone Pine Capital LLC bought a new position in shares of Tempur Sealy International during the third quarter worth about $206,809,000. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Stock Performance

NYSE:TPX traded down $1.18 during mid-day trading on Friday, hitting $50.19. 2,197,117 shares of the stock were exchanged, compared to its average volume of 1,530,850. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56. The firm's 50-day simple moving average is $53.18 and its 200 day simple moving average is $47.61. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. Tempur Sealy International, Inc. has a fifty-two week low of $34.98 and a fifty-two week high of $57.13.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Tempur Sealy International, Inc. will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a $0.13 dividend. This is a positive change from Tempur Sealy International's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. Tempur Sealy International's dividend payout ratio (DPR) is presently 25.12%.

Wall Street Analysts Forecast Growth

TPX has been the subject of a number of research reports. Truist Financial increased their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, April 5th. KeyCorp raised their price target on Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Raymond James raised their price target on Tempur Sealy International from $45.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Friday, January 19th. Wedbush restated an "outperform" rating and issued a $66.00 price target on shares of Tempur Sealy International in a research note on Wednesday. Finally, Loop Capital upgraded Tempur Sealy International from a "hold" rating to a "buy" rating and raised their price target for the company from $50.00 to $75.00 in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $62.71.

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.