In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tempur Sealy International Inc. (NYSE:TPX) reported that H Partners Management has picked up 8,250,000 of common stock as of 2017-05-17.
The acquisition brings the aggregate amount owned by H Partners Management to a total of 8,250,000 representing less than 15.3% stake in the company.
For those not familiar with the company, 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. Its International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, and Stearns & Foster. It offers its products in over two categories, including Bedding, which includes mattresses, foundations and adjustable foundations, and Other, which includes pillows, mattress covers, sheets, cushions and various other comfort products. As of December 31, 2016, it sold its products across the globe in approximately 100 countries.
A glance at Tempur Sealy International Inc. (NYSE:TPX)’s key stats reveals a current market capitalization of 2.46 Billion based on 53.90 Million shares outstanding and a price at last close of $47.15 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-16, Nabi picked up 95,000 at a purchase price of $46.98. This brings their total holding to 1,918,100 as of the date of the filing.
On the sell side, the most recent transaction saw Trussell unload 12,000 shares at a sale price of $47.85. This brings their total holding to 8,977.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tempur Sealy International Inc. (NYSE:TPX) as things move forward to see if its progress aligns with these transactions.
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