Sealed Air Corporation $SEE Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its ownership in Sealed Air Corporation by 9.8%, acquiring an additional 226,933 shares, bringing its total to approximately 2.55 million shares valued at $79 million.
• Sealed Air reported a quarterly EPS of $0.89, surpassing analyst estimates by $0.17, with revenues of $1.34 billion for the quarter.
• The company declared a quarterly dividend of $0.20 per share, resulting in a 2.3% yield, with an upcoming payment date set for September 26th.

Swedbank AB raised its stake in Sealed Air Corporation (NYSE:SEE - Free Report) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,552,629 shares of the industrial products company's stock after acquiring an additional 226,933 shares during the period. Swedbank AB owned 1.74% of Sealed Air worth $79,208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SEE. Strategic Investment Solutions Inc. IL acquired a new position in Sealed Air in the first quarter valued at approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sealed Air in the fourth quarter valued at approximately $27,000. North Capital Inc. acquired a new position in Sealed Air in the first quarter valued at approximately $30,000. CX Institutional acquired a new position in Sealed Air in the first quarter valued at approximately $52,000. Finally, Whittier Trust Co. boosted its stake in Sealed Air by 77.7% in the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 797 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Price Performance

NYSE:SEE traded down $0.65 during midday trading on Monday, hitting $33.45. 1,576,496 shares of the stock were exchanged, compared to its average volume of 1,323,496. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.66 and a beta of 1.33. The business has a 50-day moving average price of $31.57 and a two-hundred day moving average price of $30.49. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS 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 firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Sell-side analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.4%. Sealed Air's payout ratio is presently 40.40%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SEE. Mizuho lifted their price target on Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $33.00 to $36.00 in a report on Tuesday, September 9th. Truist Financial lifted their price target on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group lifted their price target on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.55.

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.