Shelton Capital Management cut its holdings in Tempur Sealy International, Inc. (NYSE:TPX – Free Report) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,400 shares of the company’s stock after selling 277 shares during the quarter. Shelton Capital Management’s holdings in Tempur Sealy International were worth $337,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TPX. Parkside Financial Bank & Trust boosted its holdings in shares of 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 buying an additional 500 shares during the period. Belpointe Asset Management LLC increased its holdings in Tempur Sealy International by 72.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,177 shares of the company’s stock worth $46,000 after purchasing an additional 495 shares in the last quarter. Money Concepts Capital Corp raised its stake in shares of Tempur Sealy International by 697.9% in the 4th quarter. Money Concepts Capital Corp now owns 2,681 shares of the company’s stock valued at $92,000 after purchasing an additional 2,345 shares during the period. Covestor Ltd lifted its holdings in shares of Tempur Sealy International by 73.3% in the first quarter. Covestor Ltd now owns 3,334 shares of the company’s stock valued at $93,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of Tempur Sealy International during the first quarter worth about $126,000. 99.86% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on TPX. Raymond James lifted their target price on Tempur Sealy International from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Friday, August 4th. KeyCorp cut their price objective on shares of Tempur Sealy International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. Wedbush decreased their target price on shares of Tempur Sealy International from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Truist Financial cut their price target on shares of Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Finally, StockNews.com started coverage on Tempur Sealy International in a report on Thursday, October 5th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International has an average rating of “Moderate Buy” and a consensus target price of $47.33.
Tempur Sealy International Trading Up 1.5 %
Shares of NYSE:TPX opened at $40.18 on Tuesday. Tempur Sealy International, Inc. has a 52-week low of $30.49 and a 52-week high of $47.70. The company has a debt-to-equity ratio of 11.86, a quick ratio of 0.72 and a current ratio of 1.18. The company has a market capitalization of $6.92 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.69. The company has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $41.28.
Tempur Sealy International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Thursday, November 16th will be given a $0.11 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.10%. Tempur Sealy International’s payout ratio is 19.91%.
Insider Transactions at Tempur Sealy International
In other Tempur Sealy International news, Director Evelyn S. Dilsaver sold 5,304 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $43.75, for a total transaction of $232,050.00. Following the completion of the sale, the director now owns 143,938 shares of the company’s stock, valued at approximately $6,297,287.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.18% of the stock is currently owned by corporate insiders.
Tempur Sealy International Profile
Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, and Cocoon by Sealy brand names.
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