Tempur Sealy International, Inc. (TPX) Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,323,574 shares of the company’s stock after acquiring an additional 373,986 shares during the period. The Manufacturers Life Insurance Company owned approximately 13.57% of Tempur Sealy International worth $391,005,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TPX. Neuberger Berman Group LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter worth $14,268,000. Morgan Stanley raised its stake in shares of Tempur Sealy International by 99.6% in the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after buying an additional 116,718 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Tempur Sealy International by 22.3% in the 2nd quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after buying an additional 5,394 shares in the last quarter. BlackRock Inc. raised its stake in shares of Tempur Sealy International by 15,212.6% in the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after buying an additional 3,759,339 shares in the last quarter. Finally, ICONIQ Capital LLC raised its stake in shares of Tempur Sealy International by 26.1% in the 1st quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock worth $5,030,000 after buying an additional 22,434 shares in the last quarter.

Shares of Tempur Sealy International, Inc. (NYSE TPX) traded down 1.19% during trading on Friday, hitting $65.01. The company had a trading volume of 563,579 shares. 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 cap of $3.51 billion, a PE ratio of 18.33 and a beta of 1.67. The firm has a 50 day moving average of $62.23 and a 200 day moving average of $53.04.

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

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A number of analysts have recently commented on the company. Zacks Investment Research downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Thursday. SunTrust Banks, Inc. reissued a “hold” rating and issued a $60.00 price objective on shares of Tempur Sealy International in a research note on Monday, October 2nd. ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Tempur Sealy International has a consensus rating of “Hold” and an average target price of $63.00.

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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