Crown Holdings, Inc. $CCK Shares Acquired by Swedbank AB

Swedbank AB lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 60.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,493,570 shares of the industrial products company’s stock after acquiring an additional 943,045 shares during the quarter. Swedbank AB’s holdings in Crown were worth $240,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Crown during the 2nd quarter worth about $46,000. Cullen Frost Bankers Inc. grew its position in shares of Crown by 3,569.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 464 shares during the period. Allworth Financial LP increased its stake in shares of Crown by 420.9% in the 2nd quarter. Allworth Financial LP now owns 599 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 484 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Crown in the 2nd quarter worth about $64,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 8,476 shares of Crown stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $105.01, for a total transaction of $890,064.76. Following the transaction, the chief executive officer owned 440,580 shares in the company, valued at approximately $46,265,305.80. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer directly owned 96,841 shares in the company, valued at $9,782,877.82. This trade represents a 16.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on CCK shares. Citigroup dropped their price objective on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Truist Financial reiterated a “buy” rating and set a $126.00 target price (up previously from $118.00) on shares of Crown in a research report on Wednesday, October 22nd. UBS Group reissued a “buy” rating and issued a $117.00 price target on shares of Crown in a research note on Tuesday, October 21st. Royal Bank Of Canada upped their price objective on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price objective (up from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average target price of $118.08.

Crown Trading Down 0.1%

Shares of CCK stock opened at $103.06 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.76 and a current ratio of 1.16. The stock’s fifty day moving average is $97.71 and its two-hundred day moving average is $99.17. The firm has a market capitalization of $11.89 billion, a P/E ratio of 12.75, a PEG ratio of 1.40 and a beta of 0.76.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 26.86%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 earnings per share. 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 fiscal year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were given a $0.26 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Crown’s dividend payout ratio is 12.87%.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.