Filing Coverage: Tempur Sealy International, Inc Has Another Bullish Trade, Manulife Financial Corp Bought Stake!

Filing Coverage: Tempur Sealy International, Inc Has Another Bullish Trade, Manulife Financial Corp Bought Stake!

The New Manulife Financial Corp Holding in Tempur Sealy International, Inc

Manulife Financial Corp filed with the SEC SC 13G/A form for Tempur Sealy International, Inc. The form can be accessed here: 000114544316002240. As reported in Manulife Financial Corp’s form, the filler as of late owns 10.62% or 6,205,812 shares of the Consumer Discretionary–company.

Tempur Sealy International, Inc stake is a new one for the and it was filed because of activity on September 30, 2016. We feel this shows Manulife Financial Corp’s positive view for the stock.

Tempur Sealy International, Inc Institutional Sentiment

Latest Security and Exchange filings show 245 investors own Tempur Sealy International, Inc. The institutional ownership in Q3 2015 is very high, at 98.49% of the outstanding shares. This is decreased by 3895744 the total institutional shares. 57530812 were the shares owned by these institutional investors. In total 45 funds opened new Tempur Sealy International, Inc stakes, 102 increased stakes. There were 25 that closed positions and 73 reduced them.

8 managers had the stock in their top Ten. Notable investors are: Dynamo Internacional Gestao De Recursos Ltda., Echinus Advisors Llc, H Partners Management Llc, Lombard Odier Asset Management (Usa) Corp, Clearline Capital Lp, Moon Capital Management Lp, Robertson Opportunity Capital Llc, Timucuan Asset Management Inc Fl, Chieftain Capital Management Inc., Claar Advisors Llc..

Dynamo Internacional Gestao De Recursos Ltda is an institutional investor bullish on Tempur Sealy International, Inc, owning 1125655 shares as of Q3 2015 for 24.01% of its portfolio. World Asset Management Inc owns 2895 shares or 0.01% of its portfolio. IL Coe Capital Management Llc have less than 0.01% of their stock portfolio for 21260 shares. Further, Veritable Lp reported stake worth 0.01% of its US stock portfolio. The MI Bluestein R H & Company owns 5000 shares. Tempur Sealy International, Inc is 0.03% of the manager’s US portfolio.

Business Profile

Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products. It operates in two segments: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its brands include TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. It sells products through over two distribution channels in each segment: retail (furniture and bedding retailers, department stores, specialty retailers and warehouse clubs), and other (direct-to-consumer through e-commerce platforms, company-owned stores and call centers, third-party distributors, hospitality and healthcare customers).

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment is 1.01 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 43 funds sold all Tempur Sealy International Inc shares owned while 74 reduced positions. only 32 funds bought stakes while 86 increased positions. They now own 71.02 million shares or 8.47% more from 65.48 million shares in 2016Q1.

Princeton Alpha Management Ltd Partnership last reported 0.25% of its portfolio in the stock. Timucuan Asset Mngmt Inc Fl, a Florida-based fund reported 1.48 million shares. The France-based Fund Sa has invested 0% in Tempur Sealy International Inc (NYSE:TPX). Moreover, Armistice Cap Ltd has 3.03% invested in Tempur Sealy International Inc (NYSE:TPX) for 144,000 shares. Claar Advisors Ltd holds 7.14% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 260,000 shares. The Oklahoma-based Bokf Na has invested 0.01% in Tempur Sealy International Inc (NYSE:TPX). Chieftain Cap Mgmt Inc has 3.71 million shares for 10.81% of their US portfolio. Moreover, Endowment L P has 0.05% invested in Tempur Sealy International Inc (NYSE:TPX) for 3,900 shares. Sg Americas Securities Limited Liability Co, a New York-based fund reported 18,990 shares. Glenmede Communication Na owns 38 shares or 0% of their US portfolio. Credit Suisse Ag holds 0% or 78,491 shares in its portfolio. Moreover, Guggenheim Ltd Liability Corp has 0.03% invested in Tempur Sealy International Inc (NYSE:TPX) for 186,260 shares. Moneta Inv Advsrs Ltd Com last reported 0.14% of its portfolio in the stock. Checchi Capital Advisers Ltd Llc accumulated 0.01% or 811 shares. Profund Lc has 7,300 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 3, 2016, the stock had 5 buys, and 3 selling transactions for $4.80 million net activity. ANDERSON RICHARD W sold $5.80M worth of Tempur Sealy International Inc (NYSE:TPX) on Wednesday, September 21. The insider Spenchian Jay G bought 8,800 shares worth $500,720. On Tuesday, August 2 the insider TRUSSELL ROBERT B JR sold $377,500. 16,679 shares were bought by THOMPSON SCOTT L, worth $1.00M on Tuesday, May 3. On Tuesday, May 3 Hytinen Barry bought $1.00 million worth of the stock or 16,665 shares. Another trade for 8,450 shares valued at $498,339 was bought by Rao Bhaskar. $2.03M worth of shares were sold by Jones Lou H on Thursday, July 28.

Analysts await Tempur Sealy International Inc (NYSE:TPX) to report earnings on November, 3. They expect $1.41 earnings per share, up 27.03% or $0.30 from last year’s $1.11 per share. TPX’s profit will be $81.79M for 9.20 P/E if the $1.41 EPS becomes a reality. After $0.92 actual earnings per share reported by Tempur Sealy International Inc for the previous quarter, Wall Street now forecasts 53.26% EPS growth.

About 1.15M shares traded hands. Tempur Sealy International Inc (NYSE:TPX) has declined 11.66% since March 8, 2016 and is downtrending. It has underperformed by 20.98% the S&P500.

Tempur Sealy International, Inc. is a bedding provider. The company has a market cap of $3.01 billion. The Firm develops, makes, markets and distributes bedding products. It has a 36 P/E ratio. It operates in two divisions: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.

Tempur Sealy International Inc (NYSE:TPX) Ratings Coverage

Out of 8 analysts covering Tempur Sealy International Inc (NYSE:TPX), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $90 is the highest target while $60 is the lowest. The $71.63 average target is 38.04% above today’s ($51.89) stock price. Tempur Sealy International Inc has been the topic of 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Longbow downgraded the stock to “Neutral” rating in Wednesday, September 28 report. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, September 28. The stock of Tempur Sealy International Inc (NYSE:TPX) earned “Outperform” rating by Raymond James on Wednesday, September 28. Longbow initiated the shares of TPX in a report on Tuesday, March 15 with “Buy” rating. The company was maintained on Thursday, September 17 by William Blair. The company was initiated on Thursday, September 29 by UBS. Stifel Nicolaus maintained it with “Buy” rating and $80 target price in Friday, July 29 report. KeyBanc Capital Markets maintained the shares of TPX in a report on Thursday, October 6 with “Overweight” rating. On Tuesday, May 24 the stock rating was initiated by Topeka Capital Markets with “Hold”. Piper Jaffray maintained Tempur Sealy International Inc (NYSE:TPX) on Monday, July 27 with “Overweight” rating.

More news for Tempur Sealy International Inc (NYSE:TPX) were recently published by: Fool.com, which released: “Why Tempur Sealy International Inc. Stock Tumbled Today” on September 28, 2016. Investorplace.com‘s article titled: “Why Nike Inc (NKE), Tempur Sealy International Inc (TPX) and Twitter Inc (TWTR …” and published on September 28, 2016 is yet another important article.

According to Zacks Investment Research, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky.”

TPX Company Profile

Tempur Sealy International, Inc., incorporated on September 17, 2002, is a bedding provider. The Firm develops, makes, markets and distributes bedding products. The Firm operates in two divisions: North America and International. The Company’s brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Firm sells its products through approximately two distribution channels in each segment: retail (furniture and bedding retailers, department stores, specialty retailers and warehouse clubs), and other (direct-to-consumer through e-commerce platforms, company-owned stores and call centers, third-party distributors, hospitality and healthcare customers).

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