Sealed Air Corporation $SEE Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Sealed Air Corporation (NYSE:SEE) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,453,216 shares of the industrial products company’s stock after buying an additional 12,909 shares during the quarter. Geode Capital Management LLC’s holdings in Sealed Air were worth $76,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in Sealed Air by 334.4% in the second quarter. Parkside Financial Bank & Trust now owns 960 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 739 shares during the period. Metis Global Partners LLC increased its holdings in shares of Sealed Air by 29.2% during the 2nd quarter. Metis Global Partners LLC now owns 12,497 shares of the industrial products company’s stock valued at $388,000 after purchasing an additional 2,824 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Sealed Air by 40.0% in the 2nd quarter. Penserra Capital Management LLC now owns 15,790 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 4,511 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Sealed Air during the second quarter worth $25,000. Finally, First Horizon Advisors Inc. grew its position in Sealed Air by 14.3% during the second quarter. First Horizon Advisors Inc. now owns 5,216 shares of the industrial products company’s stock valued at $162,000 after buying an additional 652 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SEE has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of Sealed Air from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Mizuho increased their price target on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Morgan Stanley boosted their price objective on Sealed Air from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sealed Air in a research note on Wednesday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target (up previously from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Sealed Air Price Performance

Shares of Sealed Air stock opened at $42.69 on Friday. The stock has a market capitalization of $6.28 billion, a P/E ratio of 21.56, a PEG ratio of 2.40 and a beta of 1.38. The business has a 50 day simple moving average of $35.89 and a two-hundred day simple moving average of $33.06. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $44.27. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.68 by $0.19. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sealed Air has set its FY 2025 guidance at 3.250-3.350 EPS. As a group, analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

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

About Sealed Air

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.