Wilkins Investment Counsel Inc. Has $223,000 Holdings in Sealed Air Co. (NYSE:SEE)

Wilkins Investment Counsel Inc. cut its stake in Sealed Air Co. (NYSE:SEE) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,600 shares of the industrial products company’s stock after selling 800 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Sealed Air were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SEE. Manchester Capital Management LLC raised its holdings in shares of 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 buying an additional 700 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after buying an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sealed Air in the 4th quarter worth approximately $45,000. Smartleaf Asset Management LLC raised its holdings in shares of Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company’s stock worth $51,000 after buying an additional 913 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock worth $53,000 after buying an additional 778 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Down 0.2 %

NYSE:SEE opened at $29.79 on Thursday. Sealed Air Co. has a 12-month low of $29.33 and a 12-month high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of $4.34 billion, a P/E ratio of 10.95 and a beta of 1.32. The stock’s fifty day simple moving average is $33.29 and its 200-day simple moving average is $34.61.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was down .4% on a year-over-year basis. Equities research analysts expect that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.20 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. Sealed Air’s dividend payout ratio is currently 44.20%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Mizuho dropped their price target on Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Bank of America dropped their price target on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, January 6th. Jefferies Financial Group set a $36.00 price target on Sealed Air in a report on Tuesday, March 4th. Truist Financial raised their price target on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley dropped their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Insider Transactions at Sealed Air

In other Sealed Air news, Director Henry R. Keizer bought 1,120 shares of Sealed Air stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at approximately $1,050,000. The trade was a 3.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

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.