T. Rowe Price Investment Management Inc. Buys 228,937 Shares of Sealed Air Corporation $SEE

T. Rowe Price Investment Management Inc. increased its stake in shares of Sealed Air Corporation (NYSE:SEE) by 1.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,545,129 shares of the industrial products company’s stock after acquiring an additional 228,937 shares during the period. T. Rowe Price Investment Management Inc. owned 0.09% of Sealed Air worth $362,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Burney Co. raised its position in Sealed Air by 4.1% in the 1st quarter. Burney Co. now owns 12,316 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 481 shares during the last quarter. Xponance Inc. increased its stake in shares of Sealed Air by 7.2% in the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company’s stock valued at $247,000 after buying an additional 577 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sealed Air in the 4th quarter valued at $27,000. Whittier Trust Co. increased its stake in shares of Sealed Air by 77.7% in the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company’s stock valued at $53,000 after buying an additional 797 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Sealed Air in the 1st quarter valued at $26,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Down 0.3%

Shares of Sealed Air stock opened at $31.2160 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The business has a fifty day simple moving average of $30.92 and a 200 day simple moving average of $30.59. The stock has a market cap of $4.59 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, topping 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 business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm 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. Research analysts predict that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air’s payout ratio is presently 40.40%.

Analysts Set New Price Targets

Several research firms have recently commented on SEE. Mizuho lifted their target price on Sealed Air from $34.00 to $37.00 and gave the company an “outperformer” rating in a research note on Tuesday, July 15th. UBS Group lifted their target price on Sealed Air from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Citigroup lifted their target price on Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Wall Street Zen raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Sealed Air in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sealed Air has an average rating of “Moderate Buy” and an average target price of $38.80.

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.