Silgan Holdings Inc. $SLGN Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in Silgan Holdings Inc. (NYSE:SLGN) by 8.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 236,309 shares of the industrial products company’s stock after selling 22,063 shares during the quarter. Glenmede Trust Co. NA’s holdings in Silgan were worth $9,169,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 577 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after buying an additional 707 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Silgan during the third quarter worth $33,000. Danske Bank A S grew its holdings in shares of Silgan by 233.3% during the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after buying an additional 700 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Silgan during the first quarter valued at $54,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLGN has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $51.00 target price (up from $49.00) on shares of Silgan in a research note on Thursday, July 9th. BMO Capital Markets initiated coverage on Silgan in a research note on Thursday, July 16th. They set an “outperform” rating and a $57.00 price target on the stock. Citigroup cut their price objective on Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Truist Financial reduced their price objective on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.30.

Silgan Trading Up 3.6%

SLGN stock opened at $41.42 on Tuesday. Silgan Holdings Inc. has a 52-week low of $35.68 and a 52-week high of $49.55. The company has a quick ratio of 0.33, a current ratio of 0.53 and a debt-to-equity ratio of 1.58. The firm has a market cap of $4.38 billion, a P/E ratio of 16.24, a PEG ratio of 2.19 and a beta of 0.66. The company’s 50-day simple moving average is $42.64 and its 200-day simple moving average is $42.48.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, equities analysts forecast that Silgan Holdings Inc. will post 3.8 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Silgan’s payout ratio is presently 32.94%.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.