Rockefeller Capital Management L.P. Sells 13,955 Shares of Sealed Air Co. (NYSE:SEE)

Rockefeller Capital Management L.P. decreased its holdings in Sealed Air Co. (NYSE:SEE - Free Report) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,552 shares of the industrial products company's stock after selling 13,955 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of Sealed Air worth $4,485,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Sealed Air by 38.2% in the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company's stock worth $143,136,000 after buying an additional 1,136,985 shares during the period. Pacer Advisors Inc. bought a new stake in Sealed Air during the 3rd quarter worth approximately $139,800,000. Dimensional Fund Advisors LP raised its stake in Sealed Air by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company's stock worth $66,475,000 after acquiring an additional 479,675 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Sealed Air by 1.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company's stock valued at $64,571,000 after purchasing an additional 24,940 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Sealed Air by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company's stock worth $58,587,000 after purchasing an additional 502,999 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SEE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Sealed Air from $35.00 to $33.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. StockNews.com lowered shares of Sealed Air from a "buy" rating to a "hold" rating in a report on Monday. Jefferies Financial Group downgraded shares of Sealed Air from a "buy" rating to a "hold" rating and lowered their target price for the stock from $47.00 to $35.00 in a report on Friday, August 9th. Wells Fargo & Company raised their target price on shares of Sealed Air from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, August 9th. Finally, Raymond James upgraded shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price target on the stock in a research note on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and an average target price of $41.00.

Sealed Air Trading Down 2.6 %

Shares of Sealed Air stock traded down $0.97 on Thursday, reaching $36.33. The company had a trading volume of 621,713 shares, compared to its average volume of 1,500,048. The firm's 50-day moving average price is $35.93 and its two-hundred day moving average price is $35.77. Sealed Air Co. has a 1 year low of $30.87 and a 1 year high of $41.14. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 5.07 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air (NYSE:SEE - Get Free Report) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts predict that Sealed Air Co. will post 3.06 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. Sealed Air's dividend payout ratio (DPR) is presently 29.41%.

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.