Kiltearn Partners LLP Sells 28,900 Shares of Sealed Air Corporation $SEE

Kiltearn Partners LLP cut its holdings in shares of Sealed Air Corporation (NYSE:SEE) by 7.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 363,400 shares of the industrial products company’s stock after selling 28,900 shares during the period. Sealed Air accounts for 2.3% of Kiltearn Partners LLP’s holdings, making the stock its 19th biggest holding. Kiltearn Partners LLP owned about 0.25% of Sealed Air worth $11,276,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SEE. T. Rowe Price Investment Management Inc. raised its position in shares of Sealed Air by 1.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 12,545,129 shares of the industrial products company’s stock worth $362,555,000 after acquiring an additional 228,937 shares in the last quarter. Invesco Ltd. grew its stake in Sealed Air by 2.5% in the first quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company’s stock valued at $112,253,000 after purchasing an additional 95,361 shares during the last quarter. Swedbank AB raised its holdings in Sealed Air by 9.8% in the second quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company’s stock worth $79,208,000 after purchasing an additional 226,933 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sealed Air by 0.5% during the second quarter. Geode Capital Management LLC now owns 2,453,216 shares of the industrial products company’s stock valued at $76,137,000 after buying an additional 12,909 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in shares of Sealed Air by 43.3% in the 2nd quarter. Alberta Investment Management Corp now owns 2,287,300 shares of the industrial products company’s stock valued at $70,975,000 after buying an additional 691,200 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Down 0.5%

Shares of SEE stock opened at $43.12 on Thursday. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $44.27. The firm has a market capitalization of $6.34 billion, a PE ratio of 21.78, a P/E/G ratio of 2.40 and a beta of 1.38. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The stock’s 50-day simple moving average is $36.46 and its 200-day simple moving average is $33.33.

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

Sealed Air Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on SEE. Royal Bank Of Canada boosted their price objective 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. JPMorgan Chase & Co. upped their price target on Sealed Air from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. UBS Group raised their price objective on Sealed Air from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Wells Fargo & Company upped their target price on Sealed Air from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Morgan Stanley boosted their price target on Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. One 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 company. According to data from MarketBeat, Sealed Air presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Sealed Air 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.