Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Sealed Air Corporation (NYSE:SEE) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 560,362 shares of the industrial products company’s stock after buying an additional 9,951 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Sealed Air Corporation worth $25,082,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. raised its position in shares of Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares during the period. Alps Advisors Inc. raised its position in shares of Sealed Air Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,524 shares of the industrial products company’s stock valued at $471,000 after buying an additional 27 shares during the period. Eqis Capital Management Inc. raised its position in shares of Sealed Air Corporation by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 13,398 shares of the industrial products company’s stock valued at $584,000 after buying an additional 40 shares during the period. Cleararc Capital Inc. raised its position in shares of Sealed Air Corporation by 1.3% in the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the industrial products company’s stock valued at $207,000 after buying an additional 60 shares during the period. Finally, Conning Inc. raised its position in shares of Sealed Air Corporation by 1.5% in the first quarter. Conning Inc. now owns 4,754 shares of the industrial products company’s stock valued at $207,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 92.16% of the company’s stock.

Shares of Sealed Air Corporation (SEE) opened at 44.31 on Thursday. The company has a market cap of $8.42 billion, a P/E ratio of 22.90 and a beta of 1.16. Sealed Air Corporation has a 1-year low of $41.74 and a 1-year high of $50.62. The stock’s 50 day moving average is $44.93 and its 200 day moving average is $44.89.

Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. Sealed Air Corporation’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. On average, analysts predict that Sealed Air Corporation will post $1.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.44%. Sealed Air Corporation’s dividend payout ratio (DPR) is presently 33.16%.

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Several brokerages have issued reports on SEE. Jefferies Group LLC dropped their target price on Sealed Air Corporation from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. UBS AG set a $49.00 target price on Sealed Air Corporation and gave the company a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research lowered Sealed Air Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BMO Capital Markets restated a “hold” rating and set a $47.00 target price on shares of Sealed Air Corporation in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $44.00 target price on shares of Sealed Air Corporation in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.27.

About Sealed Air Corporation

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

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

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