FMR LLC Cuts Tempur Sealy Stake to 4.861%
Ticker: SGI · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, SC-13G/A, investor-sentiment
TL;DR
**FMR LLC just trimmed its TPX stake to 4.861%, no longer a 5%+ holder.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have reduced their beneficial ownership in Tempur Sealy International Inc. (TPX) to 4.861%, representing 8,374,921 shares of common stock as of February 9, 2024. This is a decrease from their previous holdings, indicating FMR LLC is no longer a 5%+ owner. This matters to investors because a significant institutional investor reducing its stake could signal a change in their outlook on the company's future performance or valuation, potentially influencing other investors' decisions.
Why It Matters
When a large institutional investor like FMR LLC reduces its stake below the 5% threshold, it can be interpreted as a loss of conviction in the company's stock, potentially leading to downward pressure or increased scrutiny from other investors.
Risk Assessment
Risk Level: medium — A major institutional investor reducing its stake can signal potential concerns about the company's future, introducing uncertainty for current and prospective shareholders.
Analyst Insight
Investors should monitor Tempur Sealy International Inc.'s upcoming earnings reports and analyst ratings for any further indications of institutional sentiment, as FMR LLC's reduced stake could signal a cautious outlook.
Key Numbers
- 8,374,921 — Shares Beneficially Owned (Total common stock shares FMR LLC and Abigail P. Johnson now own in Tempur Sealy International Inc.)
- 4.861% — Percent of Class (The percentage of Tempur Sealy International Inc.'s common stock owned by FMR LLC and Abigail P. Johnson, falling below the 5% threshold.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- TEMPUR SEALY INTERNATIONAL, INC. (company) — issuer of the common stock
- 8,374,921 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 4.861% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- Other institutional investors may re-evaluate their positions in Tempur Sealy International Inc. (TPX) following FMR LLC's reduced stake. (TPX) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the CUSIP number for TEMPUR SEALY INTERNATIONAL INC common stock?
The CUSIP number for TEMPUR SEALY INTERNATIONAL INC common stock is 88023U101, as specified in the filing.
What percentage of TEMPUR SEALY INTERNATIONAL INC common stock does FMR LLC now beneficially own?
FMR LLC now beneficially owns 4.861% of TEMPUR SEALY INTERNATIONAL INC common stock, as indicated in Item 11 and Item 4(b) of the filing.
How many shares of TEMPUR SEALY INTERNATIONAL INC common stock are beneficially owned by FMR LLC?
FMR LLC beneficially owns 8,374,921 shares of TEMPUR SEALY INTERNATIONAL INC common stock, as reported in Item 7 and Item 4(a) of the filing.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
From the Filing
EDGAR Filing Documents for 0000315066-24-001533 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001533 Filing Date 2024-02-09 Accepted 2024-02-09 10:05:20 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6739 Complete submission text file 0000315066-24-001533.txt 8565 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address 1000 TEMPUR WAY LEXINGTON KY 40511 Business Address 1000 TEMPUR WAY LEXINGTON KY 40511 800-878-8889 TEMPUR SEALY INTERNATIONAL, INC. (Subject) CIK : 0001206264 (see all company filings) EIN. : 331022198 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-79618 | Film No.: 24612624 SIC : 2510 Household Furniture (CF Office: 04 Manufacturing)