Sumitomo Mitsui Trust Holdings Inc. increased its stake in Sealed Air Corporation (NYSE:SEE) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 561,667 shares of the industrial products company’s stock after buying an additional 1,305 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Sealed Air worth $23,994,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fiduciary Trust Co. bought a new stake in shares of Sealed Air in the second quarter worth $124,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Sealed Air in the third quarter worth $140,000. Global X Management Co. LLC increased its stake in shares of Sealed Air by 23.7% in the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock worth $163,000 after buying an additional 699 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Sealed Air by 8.1% in the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after buying an additional 322 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Sealed Air in the second quarter worth $201,000. Institutional investors and hedge funds own 75.41% of the company’s stock.

In other news, Director Lawrence R. Codey sold 3,500 shares of the business’s stock in a transaction on 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 transaction, the director now owns 38,180 shares of the company’s stock, valued at $1,638,303.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Emile Z. Chammas sold 6,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $45.24, for a total transaction of $271,440.00. Following the transaction, the senior vice president now directly owns 142,077 shares of the company’s stock, valued at approximately $6,427,563.48. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

A number of brokerages recently issued reports on SEE. Barclays PLC restated an “equal weight” rating and issued a $45.00 price target on shares of Sealed Air in a research note on Tuesday, September 19th. BidaskClub lowered shares of Sealed Air from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $45.00 price target on shares of Sealed Air in a research note on Wednesday, September 13th. Bank of America Corporation upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Thursday, September 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $44.00 target price on shares of Sealed Air in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.83.

Sealed Air Corporation (NYSE:SEE) traded up $0.26 during mid-day trading on Friday, reaching $45.57. 2,628,326 shares of the company’s stock traded hands, compared to its average volume of 2,012,759. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 4.23. Sealed Air Corporation has a 12-month low of $41.22 and a 12-month high of $50.62. The company has a market capitalization of $10,480.92, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 6.34 and a beta of 1.21.

Sealed Air (NYSE:SEE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts predict that Sealed Air Corporation will post 1.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.40%. Sealed Air’s payout ratio is 12.19%.

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Sealed Air Company 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.

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

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