Principal Financial Group Inc. lessened its stake in shares of Tempur Sealy International Inc (NYSE:TPX) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 196,951 shares of the company’s stock after selling 2,292 shares during the quarter. Principal Financial Group Inc.’s holdings in Tempur Sealy International were worth $8,154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Manor Road Capital Partners LLC bought a new position in shares of Tempur Sealy International in the fourth quarter valued at approximately $10,350,000. Moon Capital Management LP boosted its position in shares of Tempur Sealy International by 154.8% in the fourth quarter. Moon Capital Management LP now owns 300,706 shares of the company’s stock valued at $12,449,000 after acquiring an additional 182,668 shares during the period. American International Group Inc. boosted its position in shares of Tempur Sealy International by 0.4% in the fourth quarter. American International Group Inc. now owns 93,601 shares of the company’s stock valued at $3,875,000 after acquiring an additional 351 shares during the period. Geode Capital Management LLC boosted its position in shares of Tempur Sealy International by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 431,733 shares of the company’s stock valued at $17,873,000 after acquiring an additional 26,160 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Tempur Sealy International by 15.0% in the fourth quarter. Captrust Financial Advisors now owns 1,506 shares of the company’s stock valued at $62,000 after acquiring an additional 196 shares during the period.

A number of brokerages recently weighed in on TPX. ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Guggenheim downgraded shares of Tempur Sealy International from a “buy” rating to a “neutral” rating and set a $56.08 target price on the stock. in a research note on Thursday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Tempur Sealy International in a research note on Friday, February 15th. Finally, Barclays began coverage on shares of Tempur Sealy International in a research note on Monday, January 28th. They issued an “overweight” rating and a $70.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.76.

In other Tempur Sealy International news, Director Robert B. Trussell, Jr. sold 11,744 shares of Tempur Sealy International stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $58.08, for a total transaction of $682,091.52. Following the transaction, the director now directly owns 17,260 shares of the company’s stock, valued at $1,002,460.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evelyn S. Dilsaver sold 545 shares of Tempur Sealy International stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $56.10, for a total transaction of $30,574.50. Following the transaction, the director now directly owns 19,803 shares in the company, valued at $1,110,948.30. The disclosure for this sale can be found here. Company insiders own 3.23% of the company’s stock.

Shares of TPX opened at $63.66 on Thursday. The company has a market capitalization of $3.23 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.82 and a beta of 1.86. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 7.35. Tempur Sealy International Inc has a 1-year low of $38.90 and a 1-year high of $64.06.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, February 14th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.07). The company had revenue of $676.10 million during the quarter, compared to analysts’ expectations of $659.74 million. Tempur Sealy International had a net margin of 3.69% and a return on equity of 86.53%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. On average, analysts anticipate that Tempur Sealy International Inc will post 3.43 EPS for the current fiscal year.

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Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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

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