Legato Capital Management LLC Has $2.20 Million Holdings in Crown Holdings, Inc. $CCK

Legato Capital Management LLC lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 41.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,369 shares of the industrial products company’s stock after purchasing an additional 6,265 shares during the quarter. Legato Capital Management LLC’s holdings in Crown were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its stake in Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after buying an additional 93,045 shares in the last quarter. AQR Capital Management LLC boosted its stake in Crown by 36.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock valued at $333,197,000 after buying an additional 933,938 shares in the last quarter. Franklin Resources Inc. boosted its stake in Crown by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after buying an additional 149,700 shares in the last quarter. Swedbank AB boosted its stake in Crown by 1.9% in the 4th quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock valued at $261,666,000 after buying an additional 47,613 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Crown by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,729,113 shares of the industrial products company’s stock valued at $167,013,000 after buying an additional 93,668 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company decreased their price target on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Friday, March 27th. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Crown in a research note on Monday, February 23rd. Finally, UBS Group cut their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Insiders Place Their Bets

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the sale, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 44,734 shares of company stock valued at $5,002,338. 0.90% of the stock is currently owned by corporate insiders.

Crown Trading Up 0.3%

Shares of CCK opened at $96.75 on Friday. The stock has a fifty day moving average price of $101.77 and a two-hundred day moving average price of $103.14. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.60 and a beta of 0.65.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Analysts predict that Crown Holdings, Inc. will post 8.05 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Crown’s payout ratio is presently 22.29%.

About Crown

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.