Northwestern Mutual Wealth Management Co. Acquires 2,445 Shares of Sealed Air Co. (NYSE:SEE)

Northwestern Mutual Wealth Management Co. lifted its holdings in Sealed Air Co. (NYSE:SEE) by 523.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,912 shares of the industrial products company’s stock after purchasing an additional 2,445 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sealed Air were worth $101,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Sealed Air by 38.2% during the second quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after purchasing an additional 1,136,985 shares in the last quarter. Appian Way Asset Management LP purchased a new stake in shares of Sealed Air during the first quarter valued at about $29,877,000. Vanguard Group Inc. boosted its holdings in shares of Sealed Air by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after buying an additional 600,146 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Sealed Air by 83.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,036,731 shares of the industrial products company’s stock worth $37,861,000 after purchasing an additional 471,289 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

NYSE:SEE opened at $35.12 on Friday. The company has a debt-to-equity ratio of 6.81, a current ratio of 1.30 and a quick ratio of 0.79. The firm’s fifty day moving average price is $34.50 and its 200 day moving average price is $35.34. Sealed Air Co. has a 1-year low of $28.50 and a 1-year high of $41.14. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 8.77 and a beta of 1.34.

Sealed Air (NYSE:SEE) last posted its earnings results on Thursday, August 8th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.19. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, sell-side analysts expect that Sealed Air Co. will post 2.93 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.20 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.28%. Sealed Air’s payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada downgraded Sealed Air from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $43.00 to $40.00 in a research report on Friday, July 19th. Wells Fargo & Company increased their price target on shares of Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, UBS Group dropped their price objective on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.30.

Sealed Air 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.