Principal Financial Group Inc. Has $27.45 Million Stock Holdings in Sealed Air Co. (NYSE:SEE)

Principal Financial Group Inc. grew its position in Sealed Air Co. (NYSE:SEE - Free Report) by 343.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 751,699 shares of the industrial products company's stock after buying an additional 582,331 shares during the period. Principal Financial Group Inc. owned 0.52% of Sealed Air worth $27,452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its stake in shares of Sealed Air by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 63,143 shares of the industrial products company's stock worth $2,075,000 after purchasing an additional 320 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sealed Air by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,824 shares of the industrial products company's stock worth $286,000 after purchasing an additional 342 shares during the period. Yousif Capital Management LLC grew its stake in shares of Sealed Air by 1.5% during the third quarter. Yousif Capital Management LLC now owns 24,127 shares of the industrial products company's stock worth $793,000 after purchasing an additional 348 shares during the period. Column Capital Advisors LLC grew its stake in shares of Sealed Air by 57.9% during the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company's stock worth $35,000 after purchasing an additional 385 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Sealed Air by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 11,273 shares of the industrial products company's stock worth $370,000 after purchasing an additional 389 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on SEE shares. William Blair reissued a "market perform" rating on shares of Sealed Air in a research note on Thursday, May 2nd. Mizuho decreased their target price on Sealed Air from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, May 3rd. Truist Financial raised Sealed Air from a "hold" rating to a "buy" rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Monday, April 8th. Finally, Wolfe Research started coverage on Sealed Air in a report on Friday, March 1st. They issued a "peer perform" rating on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Sealed Air presently has an average rating of "Moderate Buy" and an average target price of $43.50.

Sealed Air Stock Down 0.2 %

SEE traded down $0.09 on Friday, hitting $38.88. 1,045,628 shares of the company were exchanged, compared to its average volume of 1,732,168. Sealed Air Co. has a 12 month low of $28.50 and a 12 month high of $47.12. The company has a market cap of $5.66 billion, a PE ratio of 15.61, a PEG ratio of 3.49 and a beta of 1.31. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.80 and a current ratio of 1.33. The stock's fifty day moving average is $34.84 and its 200-day moving average is $34.97.

Sealed Air (NYSE:SEE - Get Free Report) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. Sealed Air's revenue was down 1.4% on a year-over-year basis. Equities research analysts predict that Sealed Air Co. will post 2.89 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 7th. Sealed Air's dividend payout ratio (DPR) is presently 32.13%.

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.