Sealed Air Corporation $SEE Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Sealed Air Corporation (NYSE:SEE) by 323.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171,388 shares of the industrial products company’s stock after buying an additional 130,948 shares during the quarter. Hsbc Holdings PLC owned 0.12% of Sealed Air worth $5,315,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sealed Air by 383.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 664 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in Sealed Air by 53.3% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 109,028 shares of the industrial products company’s stock worth $3,383,000 after purchasing an additional 37,887 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Sealed Air by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 167,615 shares of the industrial products company’s stock worth $5,201,000 after purchasing an additional 1,930 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in shares of Sealed Air by 14.8% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 30,636 shares of the industrial products company’s stock valued at $951,000 after buying an additional 3,940 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Sealed Air by 156.9% in the 2nd quarter. XTX Topco Ltd now owns 27,380 shares of the industrial products company’s stock valued at $850,000 after buying an additional 16,722 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Sealed Air Stock Down 0.4%

Shares of SEE stock opened at $42.31 on Friday. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $44.27. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 3.34. The firm has a market cap of $6.23 billion, a PE ratio of 13.74 and a beta of 1.35. The stock has a 50 day moving average of $37.55 and a 200-day moving average of $33.76.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, November 4th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Sealed Air had a net margin of 8.52% and a return on equity of 54.90%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. On average, equities analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Sealed Air’s dividend payout ratio (DPR) is 25.97%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Sealed Air from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. Raymond James Financial restated a “strong-buy” rating and set a $50.00 price target (up previously from $39.00) on shares of Sealed Air in a report on Friday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Mizuho increased their target price on shares of Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada boosted their price target on Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

Sealed Air Company Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.