Sealed Air Corporation $SEE Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its stake in shares of Sealed Air Corporation (NYSE:SEE) by 30.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,908,782 shares of the industrial products company’s stock after buying an additional 441,140 shares during the quarter. Brandes Investment Partners LP owned 1.30% of Sealed Air worth $59,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SEE. Claret Asset Management Corp purchased a new stake in shares of Sealed Air during the 2nd quarter worth approximately $231,000. Norges Bank acquired a new position in Sealed Air during the second quarter worth $37,434,000. Hsbc Holdings PLC boosted its position in Sealed Air by 323.8% during the second quarter. Hsbc Holdings PLC now owns 171,388 shares of the industrial products company’s stock worth $5,315,000 after purchasing an additional 130,948 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Sealed Air by 383.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 664 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Sealed Air by 53.3% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 109,028 shares of the industrial products company’s stock valued at $3,383,000 after purchasing an additional 37,887 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Performance

Shares of SEE opened at $42.74 on Tuesday. Sealed Air Corporation has a 1 year low of $22.78 and a 1 year high of $44.27. The company’s 50 day simple moving average is $36.99 and its 200 day simple moving average is $33.57. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 21.59, a PEG 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.

Sealed Air (NYSE:SEE) last released its 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 net margin of 5.46% and a return on equity of 60.61%. 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. On average, sell-side analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm 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 is Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 1.9%. Sealed Air’s dividend payout ratio is 25.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Sealed Air from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Sealed Air in a research report on Tuesday, November 25th. Citigroup increased their price target on shares of Sealed Air from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective (up from $43.80) on shares of Sealed Air in a research note on Monday, November 17th. Finally, 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 note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.