ING Groep NV purchased a new position in Tempur Sealy International, Inc. (NYSE:TPX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,704 shares of the company’s stock, valued at approximately $305,000.

Several other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after buying an additional 2,375 shares in the last quarter. Blueport Capital L.P. boosted its stake in shares of Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock worth $141,000 after buying an additional 883 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Tempur Sealy International during the second quarter worth $183,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Tempur Sealy International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 3,765 shares of the company’s stock worth $201,000 after buying an additional 586 shares in the last quarter.

Tempur Sealy International, Inc. (TPX) traded down 2.60% during trading on Thursday, hitting $58.88. The company had a trading volume of 364,705 shares. The stock has a 50-day moving average of $54.73 and a 200-day moving average of $48.94. The stock has a market capitalization of $3.18 billion, a PE ratio of 16.60 and a beta of 1.67. Tempur Sealy International, Inc. has a one year low of $39.57 and a one year high of $82.32.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The firm had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. On average, equities analysts anticipate that Tempur Sealy International, Inc. will post $3.29 EPS for the current year.

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A number of brokerages have weighed in on TPX. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 price target on shares of Tempur Sealy International in a research report on Wednesday, June 28th. BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research cut Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 20th. Piper Jaffray Companies set a $61.00 price target on Tempur Sealy International and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Tempur Sealy International in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Tempur Sealy International presently has a consensus rating of “Hold” and an average price target of $58.80.

In related news, Director Jon L. Luther acquired 2,750 shares of the business’s stock in a transaction on Monday, May 15th. The stock was purchased at an average cost of $48.45 per share, for a total transaction of $133,237.50. Following the completion of the transaction, the director now directly owns 13,668 shares of the company’s stock, valued at approximately $662,214.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard W. Neu acquired 10,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were bought at an average price of $48.64 per share, with a total value of $486,400.00. Following the completion of the transaction, the director now directly owns 26,522 shares of the company’s stock, valued at $1,290,030.08. The disclosure for this purchase can be found here. Insiders have acquired 902,750 shares of company stock valued at $42,771,838 over the last 90 days. Company insiders own 2.10% of the company’s stock.

About Tempur Sealy International

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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