Metropolitan Life Insurance Co NY Has $1.17 Million Stock Holdings in Tempur Sealy International Inc (NYSE:TPX)

Metropolitan Life Insurance Co NY decreased its stake in Tempur Sealy International Inc (NYSE:TPX) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,114 shares of the company’s stock after selling 331 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Tempur Sealy International were worth $1,167,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Nuveen Asset Management LLC bought a new stake in shares of Tempur Sealy International during the second quarter worth $91,449,000. Point72 Asset Management L.P. boosted its holdings in shares of Tempur Sealy International by 2,102.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 750,696 shares of the company’s stock valued at $55,079,000 after acquiring an additional 716,605 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Tempur Sealy International during the 3rd quarter valued at $33,742,000. Balyasny Asset Management LLC boosted its holdings in shares of Tempur Sealy International by 153.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 647,311 shares of the company’s stock valued at $47,493,000 after acquiring an additional 392,137 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Tempur Sealy International during the 2nd quarter worth $12,696,000. Hedge funds and other institutional investors own 99.63% of the company’s stock.

Shares of NYSE:TPX opened at $85.89 on Friday. The firm has a market cap of $4.65 billion, a P/E ratio of 29.02, a P/E/G ratio of 0.60 and a beta of 1.66. Tempur Sealy International Inc has a 12-month low of $38.90 and a 12-month high of $92.33. The business has a fifty day simple moving average of $84.57 and a 200 day simple moving average of $76.74. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 5.04.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.16. The firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $797.24 million. Tempur Sealy International had a return on equity of 70.52% and a net margin of 5.35%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 EPS. As a group, equities research analysts expect that Tempur Sealy International Inc will post 3.79 EPS for the current year.

A number of equities analysts have issued reports on TPX shares. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Sunday, November 3rd. KeyCorp set a $105.00 price target on Tempur Sealy International and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James set a $105.00 price target on Tempur Sealy International and gave the stock a “buy” rating in a report on Friday, November 1st. ValuEngine raised Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Piper Jaffray Companies set a $112.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $91.17.

In related news, Director Robert B. Trussell, Jr. sold 10,510 shares of Tempur Sealy International stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $84.87, for a total transaction of $891,983.70. Following the completion of the transaction, the director now owns 17,201 shares of the company’s stock, valued at $1,459,848.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Rehan Jaffer sold 2,200,000 shares of Tempur Sealy International stock in a transaction on Monday, November 4th. The stock was sold at an average price of $85.50, for a total transaction of $188,100,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,711,549 shares of company stock worth $404,133,277. 3.23% of the stock is owned by insiders.

About Tempur Sealy International

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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

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