Swedbank AB Grows Stock Holdings in Crown Holdings, Inc. $CCK

Swedbank AB raised its position in Crown Holdings, Inc. (NYSE:CCK) by 114.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,476,566 shares of the industrial products company’s stock after acquiring an additional 788,818 shares during the quarter. Swedbank AB’s holdings in Crown were worth $131,798,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCK. Howe & Rusling Inc. increased its position in shares of Crown by 0.7% during the first quarter. Howe & Rusling Inc. now owns 97,646 shares of the industrial products company’s stock valued at $8,716,000 after buying an additional 692 shares during the period. Inspire Investing LLC bought a new position in shares of Crown in the first quarter worth approximately $762,000. Strs Ohio bought a new position in shares of Crown in the first quarter worth approximately $10,540,000. Geneos Wealth Management Inc. lifted its stake in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Crown by 30.8% in the first quarter. Focus Partners Wealth now owns 15,062 shares of the industrial products company’s stock worth $1,344,000 after buying an additional 3,550 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Trading Down 1.1%

Shares of CCK opened at $96.53 on Friday. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a 50-day moving average of $101.07 and a 200 day moving average of $96.34. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.49 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.29. Crown had a net margin of 4.64% and a return on equity of 27.15%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business posted $1.81 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown’s payout ratio is currently 21.85%.

Insider Activity

In other news, CEO Timothy J. Donahue sold 13,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares in the company, valued at approximately $45,139,109.12. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the sale, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,222 shares of company stock valued at $5,873,770. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CCK. Loop Capital lifted their price objective on Crown from $129.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Crown from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Mizuho raised their price objective on shares of Crown from $110.00 to $127.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Bank of America raised their target price on shares of Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, UBS Group lifted their price objective on shares of Crown from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average price target of $120.67.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.