FFT Wealth Management LLC Acquires Shares of 142,970 Tempur Sealy International, Inc. (NYSE:TPX)

FFT Wealth Management LLC acquired a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 142,970 shares of the company's stock, valued at approximately $7,287,000. Tempur Sealy International comprises approximately 0.6% of FFT Wealth Management LLC's holdings, making the stock its 25th biggest position. FFT Wealth Management LLC owned 0.08% of Tempur Sealy International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Michigan Retirement System boosted its holdings in Tempur Sealy International by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 41,338 shares of the company's stock worth $2,107,000 after acquiring an additional 200 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Tempur Sealy International by 2.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company's stock valued at $665,000 after purchasing an additional 306 shares in the last quarter. Keystone Financial Group boosted its holdings in Tempur Sealy International by 3.7% during the third quarter. Keystone Financial Group now owns 8,831 shares of the company's stock worth $383,000 after purchasing an additional 314 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Tempur Sealy International by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 73,280 shares of the company's stock worth $3,176,000 after purchasing an additional 380 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Tempur Sealy International by 3.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,303 shares of the company's stock valued at $490,000 after buying an additional 401 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Tempur Sealy International Stock Performance

Shares of TPX traded down $0.05 during trading hours on Wednesday, hitting $50.01. The company's stock had a trading volume of 1,582,766 shares, compared to its average volume of 1,660,403. The business has a 50 day simple moving average of $52.94 and a two-hundred day simple moving average of $48.37. 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 52-week low of $34.98 and a 52-week high of $57.13. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.18 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced 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). Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Tempur Sealy International's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities 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. Stockholders of record on Thursday, February 22nd were given a $0.13 dividend. This is a positive change from Tempur Sealy International's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Wednesday, February 21st. Tempur Sealy International's dividend payout ratio (DPR) 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.

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