Northern Trust Corp Increases Holdings in Sealed Air Corporation $SEE

Key Points

• Northern Trust Corp increased its stake in Sealed Air Corporation by 9.8%, owning over 1.8 million shares valued at approximately $52.1 million as of the latest SEC filing.
• Sealed Air has received multiple upgrades from analysts, with target prices raised significantly, including Wells Fargo's increase from $39 to $43, indicating strong market confidence in the company.
• The company announced a quarterly dividend of $0.20 per share, reflecting an annual yield of 2.5%, with a dividend payout ratio of 40.40%.

Northern Trust Corp increased its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,803,421 shares of the industrial products company's stock after buying an additional 161,050 shares during the period. Northern Trust Corp owned about 1.23% of Sealed Air worth $52,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its position in Sealed Air by 2.5% during 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 in the last quarter. Victory Capital Management Inc. boosted its position in Sealed Air by 42.1% during the first quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company's stock valued at $82,796,000 after purchasing an additional 849,485 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sealed Air by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company's stock valued at $74,583,000 after purchasing an additional 178,592 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its position in Sealed Air by 7.4% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,630,493 shares of the industrial products company's stock valued at $55,160,000 after purchasing an additional 113,000 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in Sealed Air during the first quarter valued at about $46,127,000. Hedge funds and other institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SEE shares. Mizuho raised their price objective on Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price objective on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Finally, Truist Financial raised their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.80.

Sealed Air Stock Down 1.3%

NYSE SEE traded down $0.42 during trading on Tuesday, hitting $32.05. The company's stock had a trading volume of 127,099 shares, compared to its average volume of 1,571,183. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market cap of $4.71 billion, a PE ratio of 16.19, a P/E/G ratio of 2.53 and a beta of 1.33. The business's 50 day simple moving average is $31.14 and its 200-day simple moving average is $30.43. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.17. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, equities analysts anticipate that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio (DPR) is presently 40.40%.

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.