Focus Partners Wealth Has $835,000 Stock Position in Sealed Air Co. (NYSE:SEE)

Focus Partners Wealth lifted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 18.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,669 shares of the industrial products company’s stock after buying an additional 3,869 shares during the period. Focus Partners Wealth’s holdings in Sealed Air were worth $835,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Manchester Capital Management LLC increased its holdings in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sealed Air in the 4th quarter worth about $45,000. Smartleaf Asset Management LLC increased its stake in shares of Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock valued at $51,000 after buying an additional 913 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock valued at $51,000 after buying an additional 712 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after buying an additional 778 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SEE shares. Wells Fargo & Company upped their target price on Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Truist Financial cut their price target on Sealed Air from $44.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Mizuho cut their price target on Sealed Air from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Sealed Air Trading Up 1.9%

NYSE SEE opened at $32.35 on Monday. Sealed Air Co. has a 1-year low of $22.78 and a 1-year high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a 50-day moving average of $28.28 and a 200-day moving average of $32.40. The firm has a market cap of $4.76 billion, a PE ratio of 11.89 and a beta of 1.35.

Sealed Air (NYSE:SEE) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.78 EPS. Sealed Air’s revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. Sealed Air’s dividend payout ratio (DPR) is 39.60%.

Insiders Place Their Bets

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,050,000. The trade was a 3.31% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

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.