Barings LLC Holds Holdings in Tempur Sealy International, Inc. (TPX)

Barings LLC held its stake in Tempur Sealy International, Inc. (NYSE:TPX) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,600 shares of the company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Tempur Sealy International were worth $260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capstone Asset Management Co. lifted its holdings in shares of Tempur Sealy International by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 4,669 shares of the company’s stock worth $249,000 after acquiring an additional 60 shares during the last quarter. Comerica Bank lifted its holdings in shares of Tempur Sealy International by 0.4% in the 2nd quarter. Comerica Bank now owns 36,916 shares of the company’s stock worth $2,059,000 after acquiring an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after acquiring an additional 234 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Tempur Sealy International by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after acquiring an additional 273 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in shares of Tempur Sealy International by 1.6% in the 2nd quarter. State Treasurer State of Michigan now owns 19,300 shares of the company’s stock worth $1,030,000 after acquiring an additional 300 shares during the last quarter.

Tempur Sealy International, Inc. (TPX) opened at 66.77 on Friday. The firm’s 50-day moving average is $63.33 and its 200-day moving average is $54.35. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $70.45. The stock has a market capitalization of $3.60 billion, a P/E ratio of 18.83 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business had revenue of $659.30 million for the quarter, compared to analyst estimates of $661.65 million. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue was down 18.0% compared to the same quarter last year. On average, equities analysts expect that Tempur Sealy International, Inc. will post $3.28 earnings per share for the current fiscal year.

TPX has been the subject of a number of recent research reports. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Bank of America Corporation reaffirmed a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Finally, BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Tempur Sealy International currently has an average rating of “Hold” and an average target price of $63.00.

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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.

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

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