Somnigroup International Inc. $SGI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Somnigroup International Inc. (NYSE:SGI) by 12.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,428,812 shares of the company’s stock after selling 198,383 shares during the quarter. Bank of New York Mellon Corp’s holdings in Somnigroup International were worth $127,564,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in Somnigroup International by 1.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,258,002 shares of the company’s stock worth $112,314,000 after purchasing an additional 16,104 shares during the period. Natixis Advisors LLC raised its stake in shares of Somnigroup International by 12.3% during the 4th quarter. Natixis Advisors LLC now owns 459,163 shares of the company’s stock worth $40,994,000 after buying an additional 50,275 shares in the last quarter. AXQ Capital LP purchased a new position in shares of Somnigroup International during the 4th quarter worth approximately $982,000. Ellevest Inc. raised its stake in shares of Somnigroup International by 8.8% during the 4th quarter. Ellevest Inc. now owns 3,003 shares of the company’s stock worth $268,000 after buying an additional 242 shares in the last quarter. Finally, Core Wealth Advisors LLC purchased a new position in shares of Somnigroup International during the 4th quarter worth approximately $30,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Trading Down 2.1%

Shares of Somnigroup International stock opened at $68.15 on Friday. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The stock has a market capitalization of $14.34 billion, a PE ratio of 27.82, a PEG ratio of 1.27 and a beta of 1.21. The firm has a 50-day moving average of $72.76.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company had revenue of $1.80 billion during the quarter. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.76%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and cut their target price for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Truist Financial increased their target price on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Bank of America cut their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Stephens reissued an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Somnigroup International presently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

About Somnigroup International

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.