Sealed Air Co. (NYSE:SEE) Holdings Lifted by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,316,192 shares of the industrial products company's stock after buying an additional 1,081,848 shares during the quarter. T. Rowe Price Investment Management Inc. owned 8.45% of Sealed Air worth $416,657,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SEE. Manchester Capital Management LLC grew its position 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 valued at $41,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC increased its position in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sealed Air in the 4th quarter valued at approximately $45,000. Smartleaf Asset Management LLC boosted its holdings in 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 valued at $51,000 after purchasing an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Sealed Air by 89.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 712 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SEE shares. Wells Fargo & Company lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Morgan Stanley lowered their price objective on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Raymond James lowered their price objective on Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 22nd. Bank of America lowered their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price objective on the stock in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Sealed Air Trading Up 0.6 %

SEE traded up $0.17 during trading on Tuesday, hitting $27.90. The company's stock had a trading volume of 287,310 shares, compared to its average volume of 1,538,159. The firm's 50 day moving average price is $28.94 and its 200-day moving average price is $33.01. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock has a market cap of $4.10 billion, a PE ratio of 10.25 and a beta of 1.35. Sealed Air Co. has a twelve month low of $22.78 and a twelve month high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

Insider Buying and Selling

In other news, Director Henry R. Keizer purchased 1,120 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the acquisition, the director now owns 35,000 shares of the company's stock, valued at $1,050,000. The trade was a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is currently 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.