Strs Ohio Lowers Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Strs Ohio trimmed its stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,700 shares of the company's stock after selling 18,928 shares during the period. Strs Ohio owned about 0.08% of Tempur Sealy International worth $6,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Louisiana State Employees Retirement System acquired a new stake in Tempur Sealy International in the fourth quarter valued at $2,467,000. Cerity Partners LLC lifted its position in Tempur Sealy International by 66.2% in the 4th quarter. Cerity Partners LLC now owns 41,300 shares of the company's stock valued at $2,105,000 after acquiring an additional 16,448 shares in the last quarter. International Assets Investment Management LLC lifted its position in Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company's stock valued at $70,000 after acquiring an additional 1,349 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Tempur Sealy International in the 4th quarter valued at about $342,000. Finally, U S Global Investors Inc. purchased a new stake in Tempur Sealy International in the 4th quarter valued at about $923,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TPX shares. Raymond James increased their price objective on shares of 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. Truist Financial increased their price objective on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, April 5th. KeyCorp increased their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Loop Capital upgraded shares of 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. Finally, Piper Sandler upgraded shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $62.71.

Tempur Sealy International Stock Performance

TPX stock traded up $0.25 on Thursday, hitting $49.54. The company had a trading volume of 1,356,189 shares, compared to its average volume of 1,686,318. Tempur Sealy International, Inc. has a 12-month low of $34.98 and a 12-month high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The stock's 50-day simple moving average is $53.12 and its 200 day simple moving average is $47.76. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.16 and a beta of 1.56.

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

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, February 21st. This is a positive change from Tempur Sealy International's previous quarterly dividend of $0.11. Tempur Sealy International's payout ratio is 25.12%.

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.