Principal Financial Group Inc. boosted its holdings in Sealed Air Corporation (NYSE:SEE) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,599 shares of the industrial products company’s stock after buying an additional 526 shares during the quarter. Principal Financial Group Inc. owned approximately 0.16% of Sealed Air Corporation worth $13,679,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SEE. Vanguard Group Inc. grew its holdings in shares of Sealed Air Corporation by 2.9% during the first quarter. Vanguard Group Inc. now owns 19,607,516 shares of the industrial products company’s stock worth $854,496,000 after purchasing an additional 556,555 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Sealed Air Corporation by 3,073.2% during the first quarter. BlackRock Inc. now owns 12,040,099 shares of the industrial products company’s stock worth $524,706,000 after purchasing an additional 11,660,671 shares during the last quarter. Janus Capital Management LLC grew its holdings in shares of Sealed Air Corporation by 9.0% during the first quarter. Janus Capital Management LLC now owns 10,071,664 shares of the industrial products company’s stock worth $438,917,000 after purchasing an additional 834,754 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Sealed Air Corporation by 50.4% during the second quarter. Neuberger Berman Group LLC now owns 3,966,506 shares of the industrial products company’s stock worth $177,541,000 after purchasing an additional 1,329,201 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Sealed Air Corporation by 91.6% during the second quarter. Jennison Associates LLC now owns 3,378,121 shares of the industrial products company’s stock worth $151,205,000 after purchasing an additional 1,614,619 shares during the last quarter. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the completion of the sale, the director now owns 38,180 shares of the company’s stock, valued at approximately $1,638,303.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.05% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Sealed Air Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC reaffirmed an “equal weight” rating and set a $45.00 price objective on shares of Sealed Air Corporation in a report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $44.00 price objective on shares of Sealed Air Corporation in a report on Tuesday, June 13th. BidaskClub lowered Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 price objective on shares of Sealed Air Corporation in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.92.

Shares of Sealed Air Corporation (SEE) opened at 41.87 on Thursday. The stock’s 50 day moving average is $44.13 and its 200 day moving average is $44.40. The firm has a market cap of $7.96 billion, a P/E ratio of 21.64 and a beta of 1.19. Sealed Air Corporation has a 52 week low of $41.22 and a 52 week high of $50.62.

Sealed Air Corporation (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.65 EPS. Sealed Air Corporation’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Sealed Air Corporation will post $1.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is presently 33.16%.

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Sealed Air Corporation Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.

Institutional Ownership by Quarter for Sealed Air Corporation (NYSE:SEE)

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