Wells Fargo & Company MN grew its stake in shares of Sealed Air Corporation (NYSE:SEE) by 245.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,191,343 shares of the industrial products company’s stock after purchasing an additional 2,977,854 shares during the quarter. Wells Fargo & Company MN owned approximately 2.14% of Sealed Air Corporation worth $187,604,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Sealed Air Corporation by 1.0% during the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 25 shares during the period. TrimTabs Asset Management LLC purchased a new stake in shares of Sealed Air Corporation during the first quarter valued at approximately $109,000. Fiduciary Trust Co. purchased a new stake in shares of Sealed Air Corporation during the second quarter valued at approximately $124,000. Global X Management Co. LLC boosted its stake in shares of Sealed Air Corporation by 30.4% during the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 687 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Sealed Air Corporation by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 116 shares during the period. 92.16% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Citigroup Inc. lowered Sealed Air Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $52.00 to $47.00 in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price target on shares of Sealed Air Corporation in a research note on Sunday, August 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price target on shares of Sealed Air Corporation in a research note on Friday, August 11th. Finally, BidaskClub raised Sealed Air Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.55.

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Sealed Air Corporation (SEE) opened at 43.02 on Friday. The firm has a 50-day moving average price of $44.46 and a 200-day moving average price of $44.64. The company has a market cap of $8.18 billion, a P/E ratio of 22.23 and a beta of 1.19. Sealed Air Corporation has a 12-month low of $41.74 and a 12-month high of $50.62.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio is 33.16%.

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, 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.

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

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