Tweedy Browne Co LLC Has $16.02 Million Stock Position in Sealed Air Corporation $SEE

Key Points

• Tweedy Browne Co LLC reduced its stake in Sealed Air Corporation by 5.5% in the 2nd quarter, owning 516,397 shares valued at approximately $16.02 million, making it the firm's 17th largest position.
• Several institutional investors, including T. Rowe Price and Victory Capital Management, have increased their holdings in Sealed Air, indicating strong interest in the company.
• Sealed Air reported an EPS of $0.89, surpassing expectations, and announced a quarterly dividend of $0.20 per share, reflecting a dividend yield of 2.3%.

Tweedy Browne Co LLC reduced its stake in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516,397 shares of the industrial products company's stock after selling 30,079 shares during the quarter. Sealed Air comprises 1.5% of Tweedy Browne Co LLC's portfolio, making the stock its 17th biggest position. Tweedy Browne Co LLC owned 0.35% of Sealed Air worth $16,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. T. Rowe Price Investment Management Inc. grew 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 valued at $362,555,000 after purchasing an additional 228,937 shares during the period. Invesco Ltd. boosted its holdings in shares of Sealed Air by 2.5% in the 1st quarter. Invesco Ltd. now owns 3,884,200 shares of the industrial products company's stock valued at $112,253,000 after buying an additional 95,361 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Sealed Air by 42.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,864,927 shares of the industrial products company's stock valued at $82,796,000 after buying an additional 849,485 shares during the last quarter. Swedbank AB boosted its holdings in shares of Sealed Air by 9.8% in the 2nd quarter. Swedbank AB now owns 2,552,629 shares of the industrial products company's stock valued at $79,208,000 after buying an additional 226,933 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Sealed Air by 9.8% in the 1st quarter. Northern Trust Corp now owns 1,803,421 shares of the industrial products company's stock valued at $52,119,000 after acquiring an additional 161,050 shares during the period. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on SEE shares. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Sealed Air in a research report on Wednesday, October 8th. Wells Fargo & Company increased their target price on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. upgraded Sealed Air from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $33.00 to $36.00 in a research report on Tuesday, September 9th. Finally, Citigroup raised their price objective on Sealed Air from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.09.

Sealed Air Trading Down 0.9%

Shares of Sealed Air stock opened at $34.15 on Friday. 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 Corporation has a 52 week low of $22.78 and a 52 week high of $38.85. The stock has a 50 day moving average price of $33.12 and a two-hundred day moving average price of $31.10. The stock has a market capitalization of $5.02 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.36.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, equities analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business 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 of this dividend is Friday, December 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Sealed Air's payout ratio is presently 40.40%.

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.

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