Illinois Municipal Retirement Fund Acquires 13,556 Shares of Crown Holdings, Inc. $CCK

Illinois Municipal Retirement Fund raised its holdings in Crown Holdings, Inc. (NYSE:CCK) by 232.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,400 shares of the industrial products company’s stock after buying an additional 13,556 shares during the period. Illinois Municipal Retirement Fund’s holdings in Crown were worth $1,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCK. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Crown by 27.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,641 shares of the industrial products company’s stock worth $766,000 after buying an additional 1,643 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Crown by 2.0% in the first quarter. Principal Financial Group Inc. now owns 250,252 shares of the industrial products company’s stock valued at $25,088,000 after acquiring an additional 5,025 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Crown by 7.5% during the first quarter. Chicago Partners Investment Group LLC now owns 12,352 shares of the industrial products company’s stock worth $1,258,000 after acquiring an additional 866 shares in the last quarter. Arbejdsmarkedets Tillaegspension raised its holdings in Crown by 1.0% during the first quarter. Arbejdsmarkedets Tillaegspension now owns 249,499 shares of the industrial products company’s stock worth $25,012,000 after acquiring an additional 2,589 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Crown by 57.8% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 311,135 shares of the industrial products company’s stock valued at $31,192,000 after purchasing an additional 114,000 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Crown News Summary

Here are the key news stories impacting Crown this week:

• Positive Sentiment: Second-quarter earnings beat Wall Street estimates, with Crown reporting $2.49 EPS versus $2.15 expected, and revenue of $3.67 billion versus $3.37 billion expected. Crown Holdings Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management lifted FY 2026 EPS guidance to $8.30-$8.50, above the $8.10 consensus, signaling confidence in full-year profitability.
• Positive Sentiment: Operational momentum improved as global beverage can volumes rose 5%, supporting higher sales and suggesting steady demand in Crown’s core packaging business. Crown Holdings Posts Higher Sales As Global Beverage Can Volumes Rise
• Neutral Sentiment: The company’s Q3 EPS guidance of $2.20-$2.30 was slightly below the $2.25 consensus midpoint, which may limit upside as investors assess whether the strong second quarter can carry forward.
• Neutral Sentiment: Technical commentary noted a recent golden cross, which can be viewed as a constructive long-term chart signal, though it was not a direct fundamental driver. Should You Buy Crown Holdings After Golden Cross?

Analysts Set New Price Targets

Several research firms have weighed in on CCK. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Truist Financial cut their price objective on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Crown in a research note on Wednesday, April 1st. They issued a “buy” rating and a $124.00 target price for the company. Royal Bank Of Canada boosted their target price on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, DA Davidson dropped their price target on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.07.

Crown Stock Performance

NYSE:CCK opened at $114.73 on Tuesday. The stock has a market cap of $12.82 billion, a P/E ratio of 18.27, a PEG ratio of 1.96 and a beta of 0.60. The stock has a 50 day simple moving average of $103.18 and a 200 day simple moving average of $104.80. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $118.50.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.34. Crown had a return on equity of 26.62% and a net margin of 5.65%.The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the company posted $2.15 EPS. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Research analysts anticipate that Crown Holdings, Inc. will post 8.06 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.35 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown’s dividend payout ratio is 22.29%.

Crown 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.