Toronto Dominion Bank raised its position in shares of Sealed Air Corporation (NYSE:SEE) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,371 shares of the industrial products company’s stock after purchasing an additional 6,021 shares during the quarter. Toronto Dominion Bank’s holdings in Sealed Air were worth $3,391,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SEE. Fiduciary Trust Co. purchased a new position in shares of Sealed Air during the 2nd quarter valued at $124,000. Global X Management Co. LLC boosted its holdings in Sealed Air by 23.7% in the second quarter. Global X Management Co. LLC now owns 3,649 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 699 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Sealed Air by 8.1% in the second quarter. Pacer Advisors Inc. now owns 4,301 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 322 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Sealed Air in the second quarter worth $201,000. Finally, King Luther Capital Management Corp bought a new stake in Sealed Air in the second quarter worth $205,000. 93.09% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of Sealed Air from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and set a $55.00 target price on shares of Sealed Air in a research report on Friday, September 1st. TheStreet raised shares of Sealed Air from a “c+” rating to a “b-” rating in a research report on Thursday, November 30th. Jefferies Group reaffirmed a “hold” rating and set a $44.00 price objective on shares of Sealed Air in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $45.00 price objective on shares of Sealed Air in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Sealed Air currently has an average rating of “Hold” and a consensus target price of $48.83.
Sealed Air Corporation (NYSE:SEE) traded down $0.41 on Wednesday, hitting $47.58. 3,435,655 shares of the stock traded hands, compared to its average volume of 2,185,308. Sealed Air Corporation has a twelve month low of $41.22 and a twelve month high of $50.62. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.70 and a quick ratio of 1.34. The company has a market capitalization of $8,680.19, a PE ratio of 24.06, a P/E/G ratio of 6.67 and a beta of 1.23.
Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Sealed Air had a net margin of 20.15% and a return on equity of 67.60%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts anticipate that Sealed Air Corporation will post 1.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.16 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.35%. Sealed Air’s dividend payout ratio (DPR) is presently 12.19%.
Sealed Air Company Profile
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
Receive News & Ratings for Sealed Air Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sealed Air Corporation and related companies with MarketBeat.com's FREE daily email newsletter.