Select Equity Group, L.P. 13F: Cuts SGI Stake by $91M

Select Equity Group Cuts Somnigroup Holding

Select Equity Group reduced its investment in Somnigroup International Inc. SGI by 11.1% during the period ended May 15, 2026, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The filing reflects holdings as of the reporting period and may not represent the investor's current position today.

Position Details and Share Reduction

The fund trimmed its position by 1,155,135 shares, dropping from 10,429,043 shares down to 9,273,908 shares. At the close of the reporting window, that remaining stake was valued at approximately $727.1 million.

Somnigroup Stock Valuation and Trends

Shares of Somnigroup traded hands around $78.40 on Sunday. The company carries a forward P/E ratio of 16.1 based on upcoming earnings estimates, while its trailing P/E sits at 25.0. The stock has experienced a 52-week trading span between $60.39 and $98.56.

Recent Earnings Performance

For its recent operational period, Somnigroup recorded $7.62 billion in revenue alongside a net margin of 7.0% and a return on equity of 17.5%. The company posted earnings of $2.53 per share, with revenue ticking down 3.0%. Shareholders can look ahead to the next earnings release scheduled for November 5, 2026.

Dividend Commitments

The bedding manufacturer distributes an annual dividend of $0.68 per share, giving investors a dividend yield of 1.07%. The payout ratio sits at 25.3%, meaning the firm allocates about a quarter of its earnings toward shareholder dividends.

Wall Street Analyst Updates

Wall Street firms have actively updated views on the company through the summer and early fall. On September 14, 2026, Stephens & Co. upgraded the stock to an Overweight rating while lifting its target to $80.00. Earlier, on September 3, 2026, Piper Sandler reiterated an Overweight rating with a $100.00 price target, and UBS maintained a Buy rating with a $102.00 target. Additional updates came on August 7, 2026, when UBS maintained a Buy rating at a $94.00 target, Piper Sandler reiterated an Overweight rating with a $95.00 target, and Truist Securities maintained a Buy rating while adjusting its target to $100.00. Morgan Stanley and Zelman & Assoc both initiated coverage earlier in the summer with positive ratings.

About Somnigroup International

Headquartered in Dallas, Texas, Somnigroup designs, makes, and sells a wide range of bedding items, including mattresses, pillows, and adjustable foundations. The enterprise reaches customers through retail stores, online platforms, and third-party partners using well-known brands like Tempur-Pedic, Sealy, Stearns & Foster, and Mattress Firm.

What's Ahead for Somnigroup International Inc.

Investors tracking Select Equity Group will need to wait for subsequent quarterly filings to see whether the fund continues to trim or stabilizes its exposure. In the meantime, upcoming earnings in November will provide fresh insight into the retailer's operational health.