Meritage Portfolio Management Trimmed Regal (RBC) Holding by $1.23 Million; Market Value Declined; Centerbridge Partners LP Stake in Tempur Sealy Intl (TPX) Lowered by $40.93 Million

Regal Beloit Corporation (NYSE:RBC) Logo

Centerbridge Partners Lp decreased its stake in Tempur Sealy Intl Inc (TPX) by 23.69% based on its latest 2019Q2 regulatory filing with the SEC. Centerbridge Partners Lp sold 560,706 shares as the company’s stock rose 30.04% . The hedge fund held 1.81M shares of the consumer durables company at the end of 2019Q2, valued at $132.52 million, down from 2.37 million at the end of the previous reported quarter. Centerbridge Partners Lp who had been investing in Tempur Sealy Intl Inc for a number of months, seems to be less bullish one the $4.54 billion market cap company. The stock increased 1.83% or $1.51 during the last trading session, reaching $84.01. About 361,690 shares traded. Tempur Sealy International, Inc. (NYSE:TPX) has risen 64.82% since December 4, 2018 and is uptrending. It has outperformed by 64.82% the S&P500. Some Historical TPX News: 17/05/2018 – Tempur Sealy Favored by 5 Hedge Funds, 13Fs Show; 26/03/2018 – TEMPUR SEALY IN LETTER WITH DIRECTOR NABI, H PARTNERS; 20/03/2018 S&PGR Affirms Tempur Sealy Intl Rtg, Otlk Remains Negative; 26/03/2018 – TEMPUR SEALY: H PARTNERS TO VOTE IN FAVOR OF CO. DIRECTORS; 03/05/2018 – Tempur Sealy Reaffirms Fincl Guidance for 2018; 14/05/2018 – Consolidated Research: 2018 Summary Expectations for Penn National Gaming, Hortonworks, Tempur Sealy International, Macquarie I; 10/04/2018 – Furniture Manufacturers: Global Industry Report 2018 with lndividual Analysis on the Top 500 Companies Including Tempur Sealy International, Hanssem, and Kokuyo Furniture – ResearchAndMarkets.com; 26/03/2018 – TEMPUR SEALY AGREED TO NOMINATE H PARTNERS PARTNER RUCHIM TO BD; 21/04/2018 – DJ Tempur Sealy International Inc, Inst Holders, 1Q 2018 (TPX); 15/05/2018 – Entrustpermal Partners Offshore Buys 2% of Tempur Sealy

Meritage Portfolio Management decreased its stake in Regal (RBC) by 24.23% based on its latest 2019Q2 regulatory filing with the SEC. Meritage Portfolio Management sold 15,129 shares as the company’s stock declined 5.69% . The institutional investor held 47,321 shares of the metal fabrications company at the end of 2019Q2, valued at $3.87M, down from 62,450 at the end of the previous reported quarter. Meritage Portfolio Management who had been investing in Regal for a number of months, seems to be less bullish one the $3.36B market cap company. The stock increased 0.91% or $0.74 during the last trading session, reaching $82.02. About 96,410 shares traded. Regal Beloit Corporation (NYSE:RBC) has declined 4.82% since December 4, 2018 and is downtrending. It has underperformed by 4.82% the S&P500. Some Historical RBC News: 11/05/2018 – TABLE-Regal 7938.T -2017/18 group results; 08/05/2018 – TABLE-Regal 7938.T -2017/18 parent forecast; 07/05/2018 – Regal Beloit 1Q EPS $1.31; 12/03/2018 – HK Bourse: Announcement From Regal Hotels International Holdings Ltd; 26/03/2018 – REGAL HOTELS INTERNATIONAL HOLDINGS LTD 0078.HK – FY REVENUE HK$2,560.6 MLN VS HK$2,617.1 MLN; 25/04/2018 – Coca-Cola and Regal Films Program Winner “The Library” Announced at CinemaCon 2018; 30/04/2018 – Regal Beloit Corporation Declares Quarterly Dividend Increase of 8%; 07/05/2018 – REGAL BELOIT CORP RBC.N SEES FY 2018 GAAP SHR $5.29 TO $5.69; 16/04/2018 – Marvel Studios’ “AVENGERS: INFINITY WAR” Goes Beyond The Screen In First-Ever Moviebill Edition Available Nationwide Only At Regal Cinemas; 27/04/2018 – RBC TO RAISE 5YR FIXED MORTGAGE RATE 20BPS TO 5.34% ON APR 30

Meritage Portfolio Management, which manages about $1.31 billion and $981.98 million US Long portfolio, upped its stake in Wal (NYSE:WMT) by 29,607 shares to 42,882 shares, valued at $4.74 million in 2019Q2, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 1,733 shares in the quarter, for a total of 105,902 shares, and has risen its stake in Amazon Inc (NASDAQ:AMZN).

Investors sentiment decreased to 0.77 in 2019 Q2. Its down 0.29, from 1.06 in 2019Q1. It dropped, as 23 investors sold RBC shares while 102 reduced holdings. 33 funds opened positions while 63 raised stakes. 38.52 million shares or 0.48% less from 38.70 million shares in 2019Q1 were reported. 3,130 are held by Burney. Nuveen Asset Mngmt Ltd Liability Com stated it has 477,137 shares or 0.02% of all its holdings. Comerica National Bank & Trust has 0.02% invested in Regal Beloit Corporation (NYSE:RBC). Regentatlantic Cap Ltd Liability Corporation accumulated 0.02% or 2,859 shares. Alliancebernstein LP holds 0.07% or 1.31 million shares in its portfolio. Voya Investment Mngmt has 608,393 shares for 0.11% of their portfolio. Fisher Asset Management Limited Liability reported 624,835 shares. Moreover, Mai Cap has 0.01% invested in Regal Beloit Corporation (NYSE:RBC) for 2,608 shares. Oakbrook Investments Ltd Liability Corporation, Illinois-based fund reported 4,500 shares. Cwm Ltd Com accumulated 0% or 10 shares. Olstein Cap Mgmt Ltd Partnership has invested 1.04% of its portfolio in Regal Beloit Corporation (NYSE:RBC). Raymond James Assocs owns 0% invested in Regal Beloit Corporation (NYSE:RBC) for 24,025 shares. Jpmorgan Chase & holds 0% in Regal Beloit Corporation (NYSE:RBC) or 293,206 shares. Northern reported 553,859 shares or 0.01% of all its holdings. Marshall Wace Llp accumulated 0.08% or 117,942 shares.

More notable recent Regal Beloit Corporation (NYSE:RBC) news were published by: Streetinsider.com which released: “Penumbra (PEN) PT Raised to $192 at RBC Capital – StreetInsider.com” on December 02, 2019, also Fool.com with their article: “Why Canopy Growth, Kiniksa Pharmaceuticals, and Paycom Software Jumped Today – The Motley Fool” published on November 20, 2019, Businesswire.com published: “Uber CFO to Participate in Fireside Chat at the RBC Capital Markets 2019 Technology, Internet, Media and Telecommunications Conference – Business Wire” on November 15, 2019. More interesting news about Regal Beloit Corporation (NYSE:RBC) were released by: Streetinsider.com and their article: “RBC Capital Upgrades Diageo PLC. (DGE:LN) (DEO) to Outperform – StreetInsider.com” published on December 03, 2019 as well as Seekingalpha.com‘s news article titled: “Paycom +7.8% as RBC praises price/retention power – Seeking Alpha” with publication date: November 20, 2019.

Analysts await Regal Beloit Corporation (NYSE:RBC) to report earnings on February, 3. They expect $1.25 earnings per share, down 11.35% or $0.16 from last year’s $1.41 per share. RBC’s profit will be $51.18 million for 16.40 P/E if the $1.25 EPS becomes a reality. After $1.35 actual earnings per share reported by Regal Beloit Corporation for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.

More notable recent Tempur Sealy International, Inc. (NYSE:TPX) news were published by: Finance.Yahoo.com which released: “Should You Be Excited About Tempur Sealy International, Inc.’s (NYSE:TPX) 44% Return On Equity? – Yahoo Finance” on October 09, 2019, also Fool.com with their article: “Tempur Sealy International Inc (TPX) Q4 2018 Earnings Conference Call Transcript – Motley Fool” published on February 14, 2019, Finance.Yahoo.com published: “Is Tempur Sealy International Inc. (TPX) A Good Stock To Buy? – Yahoo Finance” on October 24, 2019. More interesting news about Tempur Sealy International, Inc. (NYSE:TPX) were released by: Finance.Yahoo.com and their article: “KeyBanc Raises Tempur Sealy’s Target Price On Strong Q2, Positive Outlook – Yahoo Finance” published on July 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Tempur Sealy Announces Plans To Add Approximately 700 New U.S. Positions – Yahoo Finance” with publication date: June 19, 2019.

Analysts await Tempur Sealy International, Inc. (NYSE:TPX) to report earnings on February, 13. They expect $1.17 EPS, up 30.00% or $0.27 from last year’s $0.9 per share. TPX’s profit will be $63.28 million for 17.95 P/E if the $1.17 EPS becomes a reality. After $1.30 actual EPS reported by Tempur Sealy International, Inc. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Centerbridge Partners Lp, which manages about $20.91 billion and $814.87M US Long portfolio, upped its stake in Pg&E Corp (NYSE:PCG) by 2.88M shares to 9.62 million shares, valued at $220.59 million in 2019Q2, according to the filing.

Investors sentiment decreased to 0.93 in Q2 2019. Its down 0.76, from 1.69 in 2019Q1. It dropped, as 34 investors sold TPX shares while 71 reduced holdings. 41 funds opened positions while 57 raised stakes. 52.52 million shares or 6.00% less from 55.87 million shares in 2019Q1 were reported. Advisory Research stated it has 8,643 shares. Ameritas Investment Partners owns 13,513 shares. Citigroup Incorporated owns 15,001 shares. Bancshares Of America De reported 756,084 shares stake. Verition Fund Mgmt Limited Liability holds 0.02% or 11,878 shares in its portfolio. Tower Capital Lc (Trc) invested 0.01% of its portfolio in Tempur Sealy International, Inc. (NYSE:TPX). Blackrock stated it has 4.19 million shares. Susquehanna Intl Gru Ltd Liability Partnership holds 9,813 shares. Us Bancorporation De stated it has 0% in Tempur Sealy International, Inc. (NYSE:TPX). Leavell holds 0.02% or 3,000 shares in its portfolio. Rhumbline Advisers has 0.02% invested in Tempur Sealy International, Inc. (NYSE:TPX) for 122,864 shares. 53 are held by Macroview Management Limited Liability. H Management Ltd Limited Liability Company reported 8.00 million shares. Dorsal Cap Mgmt Ltd Liability Corp holds 2.03% or 500,000 shares. 14,844 were reported by Tudor Inv Et Al.

Tempur Sealy International, Inc. (NYSE:TPX) Institutional Positions Chart

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