Donaldson Capital Management LLC Takes Position in Tempur Sealy International, Inc. (NYSE:TPX)

Donaldson Capital Management LLC acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,971 shares of the company's stock, valued at approximately $1,477,000.

Several other large investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in Tempur Sealy International by 67.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company's stock valued at $34,000 after purchasing an additional 500 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Tempur Sealy International by 72.6% in the first quarter. Belpointe Asset Management LLC now owns 1,177 shares of the company's stock valued at $46,000 after purchasing an additional 495 shares during the last quarter. Fifth Third Bancorp grew its holdings in Tempur Sealy International by 37.7% in the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company's stock valued at $67,000 after purchasing an additional 421 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company's stock valued at $70,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Tempur Sealy International in the second quarter valued at $72,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TPX shares. Piper Sandler raised Tempur Sealy International from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Raymond James increased their price objective 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. Loop Capital raised Tempur Sealy International from a "hold" rating to a "buy" rating and increased their price objective for the company from $50.00 to $75.00 in a research note on Monday, March 25th. KeyCorp increased their price objective 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. Finally, Wedbush reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, April 10th. One research 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 stock. According to data from MarketBeat.com, Tempur Sealy International presently has a consensus rating of "Buy" and an average target price of $62.71.

Tempur Sealy International Trading Down 0.2 %

NYSE:TPX traded down $0.10 during mid-day trading on Tuesday, reaching $49.92. The company's stock had a trading volume of 1,670,812 shares, compared to its average volume of 1,697,683. The company's fifty day simple moving average is $53.16 and its two-hundred day simple moving average is $47.75. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. Tempur Sealy International, Inc. has a twelve month low of $34.98 and a twelve month high of $57.13. The stock has a market cap of $8.67 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.16 and a beta of 1.56.

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

Tempur Sealy International Increases Dividend

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

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.