Handelsbanken Fonder AB Purchases 8,200 Shares of Sealed Air Co. (NYSE:SEE)

Handelsbanken Fonder AB raised its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,900 shares of the industrial products company's stock after acquiring an additional 8,200 shares during the quarter. Handelsbanken Fonder AB's holdings in Sealed Air were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SEE. Quarry LP raised its stake in shares of Sealed Air by 9.2% during the third quarter. Quarry LP now owns 3,701 shares of the industrial products company's stock valued at $134,000 after purchasing an additional 311 shares during the period. Choreo LLC grew its position in shares of Sealed Air by 3.7% during the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock worth $331,000 after buying an additional 351 shares in the last quarter. Truist Financial Corp increased its stake in shares of Sealed Air by 3.3% in the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company's stock worth $399,000 after buying an additional 377 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Sealed Air by 4.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,970 shares of the industrial products company's stock valued at $326,000 after acquiring an additional 380 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Sealed Air by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 14,016 shares of the industrial products company's stock valued at $509,000 after acquiring an additional 466 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEE. StockNews.com raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Mizuho cut their price objective on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Citigroup reduced their target price on Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Morgan Stanley lowered 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. Finally, UBS Group lifted their price objective on shares of Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.17.

Sealed Air Trading Up 3.7 %

SEE traded up $1.21 during trading on Friday, reaching $34.21. 2,884,249 shares of the company's stock were exchanged, compared to its average volume of 1,302,717. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The firm has a market capitalization of $4.98 billion, a PE ratio of 12.58 and a beta of 1.34. The company's fifty day moving average price is $34.12 and its 200-day moving average price is $34.91.

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

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, March 14th. Sealed Air's dividend payout ratio is currently 44.20%.

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.