Trust Co. of Vermont Purchases Shares of 21,773 Crown Holdings, Inc. $CCK

Trust Co. of Vermont purchased a new stake in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, HoldingsChannel reports. The firm purchased 21,773 shares of the industrial products company’s stock, valued at approximately $2,435,000.

A number of other institutional investors have also made changes to their positions in CCK. Bank of New York Mellon Corp acquired a new stake in Crown in the 2nd quarter valued at approximately $112,578,000. Northside Capital Management LLC lifted its holdings in shares of Crown by 1.7% during the second quarter. Northside Capital Management LLC now owns 102,521 shares of the industrial products company’s stock worth $11,464,000 after buying an additional 1,674 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Crown by 7.0% in the second quarter. Handelsbanken Fonder AB now owns 281,253 shares of the industrial products company’s stock valued at $31,450,000 after acquiring an additional 18,280 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of Crown by 628.8% in the second quarter. Elevation Wealth Partners LLC now owns 481 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 415 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Crown in the second quarter worth $60,275,000. 90.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. DA Davidson decreased their target price on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings upgraded Crown from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. BMO Capital Markets upped their price target on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, UBS Group raised their price objective on Crown from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity

In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the transaction, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a 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. Insiders own 0.90% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $116.36 on Tuesday. The company has a 50-day moving average of $112.28 and a 200-day moving average of $106.96. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.67 and a beta of 0.59. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $122.91. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the business earned $2.15 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th. Crown’s dividend payout ratio is currently 20.14%.

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.