Prudential Financial Inc. Decreases Position in Tempur Sealy International, Inc. (TPX)

Prudential Financial Inc. trimmed its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,677 shares of the company’s stock after selling 37,350 shares during the quarter. Prudential Financial Inc. owned about 0.96% of Tempur Sealy International worth $33,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Tempur Sealy International by 14.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after purchasing an additional 273 shares during the last quarter. Legal & General Group Plc grew its position in Tempur Sealy International by 78.1% during the 1st quarter. Legal & General Group Plc now owns 42,370 shares of the company’s stock valued at $1,968,000 after purchasing an additional 18,584 shares during the last quarter. Geode Capital Management LLC grew its position in Tempur Sealy International by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock valued at $16,409,000 after purchasing an additional 8,185 shares during the last quarter. Morgan Stanley grew its position in Tempur Sealy International by 99.6% during the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after purchasing an additional 116,718 shares during the last quarter. Finally, BlackRock Inc. grew its position in Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after purchasing an additional 3,759,339 shares during the last quarter.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. SunTrust Banks, Inc. reissued a “hold” rating and set a $60.00 price objective on shares of Tempur Sealy International in a research report on Monday, October 2nd. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $61.00 price objective on shares of Tempur Sealy International and gave the company a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.33.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/11/14/prudential-financial-inc-decreases-position-in-tempur-sealy-international-inc-tpx.html.

Tempur Sealy International, Inc. (NYSE:TPX) opened at $53.61 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. The stock has a market cap of $2,877.53, a P/E ratio of 14.79, a P/E/G ratio of 1.08 and a beta of 1.60. Tempur Sealy International, Inc. has a 1-year low of $39.57 and a 1-year high of $70.45.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $724.80 million for the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The firm’s revenue was down 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. analysts expect that Tempur Sealy International, Inc. will post 3.26 EPS for the current year.

In other news, CEO Scott L. Thompson bought 19,565 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the purchase, the chief executive officer now owns 245,019 shares in the company, valued at $12,542,522.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP H Clifford Buster III bought 18,800 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares in the company, valued at approximately $996,964. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Tempur Sealy International Company Profile

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.

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

Receive News & Ratings for Tempur Sealy International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply