Invesco Ltd. Purchases 1,007,980 Shares of Crown Holdings, Inc. $CCK

Invesco Ltd. lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 58.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,727,276 shares of the industrial products company’s stock after purchasing an additional 1,007,980 shares during the period. Invesco Ltd.’s holdings in Crown were worth $280,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. acquired a new stake in shares of Crown during the second quarter valued at about $1,492,000. Arrowstreet Capital Limited Partnership boosted its position in Crown by 256.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 48,148 shares of the industrial products company’s stock worth $4,958,000 after buying an additional 34,633 shares during the period. M&T Bank Corp grew its holdings in Crown by 7.7% during the 2nd quarter. M&T Bank Corp now owns 4,156 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 296 shares during the last quarter. Distillate Capital Partners LLC acquired a new position in Crown in the 2nd quarter valued at approximately $12,498,000. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Crown by 426.8% during the second quarter. OMERS ADMINISTRATION Corp now owns 22,711 shares of the industrial products company’s stock valued at $2,339,000 after acquiring an additional 18,400 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCK shares. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Truist Financial reiterated a “buy” rating and issued a $126.00 price target (up previously from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Monday, December 1st. Raymond James Financial reiterated an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.08.

Crown Trading Down 0.5%

NYSE CCK opened at $98.01 on Friday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.33 and a beta of 0.76. The business has a 50 day simple moving average of $96.27 and a 200 day simple moving average of $99.02. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48.

Crown (NYSE:CCK) last posted its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a return on equity of 26.86% and a net margin of 7.79%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Crown Company 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.