Tweedy Browne Co LLC Sells 201,640 Shares of Sealed Air Co. (NYSE:SEE)

Tweedy Browne Co LLC lowered its position in Sealed Air Co. (NYSE:SEE) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 564,481 shares of the industrial products company’s stock after selling 201,640 shares during the quarter. Sealed Air comprises 1.3% of Tweedy Browne Co LLC’s portfolio, making the stock its 16th biggest position. Tweedy Browne Co LLC’s holdings in Sealed Air were worth $19,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Manchester Capital Management LLC boosted its stake in Sealed Air by 139.4% in the fourth quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC lifted its position in Sealed Air by 218.0% during the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after buying an additional 907 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Sealed Air during the 4th quarter worth about $45,000. Smartleaf Asset Management LLC increased its position 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 acquiring an additional 913 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 712 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Henry R. Keizer purchased 1,120 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at approximately $1,050,000. This trade represents a 3.31 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

SEE has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Sealed Air from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. UBS Group upped their price target on Sealed Air from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Bank of America lowered their price objective on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley lowered their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sealed Air has an average rating of “Moderate Buy” and an average target price of $40.25.

Sealed Air Stock Performance

SEE stock opened at $28.90 on Tuesday. Sealed Air Co. has a 1-year low of $28.37 and a 1-year high of $41.14. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The firm has a market cap of $4.21 billion, a PE ratio of 10.62 and a beta of 1.32. The business’s 50-day moving average price is $32.53 and its two-hundred day moving average price is $34.36.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The business 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%. Sealed Air’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. As a group, research analysts forecast that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.20 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.77%. Sealed Air’s dividend payout ratio is currently 44.20%.

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.