Crown Holdings, Inc. $CCK Shares Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its position in Crown Holdings, Inc. (NYSE:CCK) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,922 shares of the industrial products company’s stock after buying an additional 5,876 shares during the period. Hohimer Wealth Management LLC’s holdings in Crown were worth $4,314,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CCK. Dimensional Fund Advisors LP increased its stake in Crown by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock worth $198,186,000 after buying an additional 32,112 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Crown by 19.3% in the first quarter. Quantinno Capital Management LP now owns 1,156,902 shares of the industrial products company’s stock valued at $115,979,000 after acquiring an additional 186,849 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Crown in the second quarter valued at approximately $112,578,000. Nykredit A S acquired a new stake in shares of Crown in the second quarter worth approximately $99,537,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Crown in the second quarter worth approximately $60,275,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCK has been the subject of several research reports. Royal Bank Of Canada boosted their price target on Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Mizuho raised their price objective on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Raymond James Financial lifted their target price on shares of Crown from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Robert W. Baird lifted their target price on shares of Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Bank of America upped their target price on shares of Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Crown presently has an average rating of “Moderate Buy” and an average target price of $128.47.

Crown Stock Up 0.0%

CCK stock opened at $121.31 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.71 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average of $113.11 and a two-hundred day moving average of $108.92. Crown Holdings, Inc. has a 12 month low of $91.31 and a 12 month high of $126.36. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.52 and a beta of 0.54.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 19th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.13. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Crown had a return on equity of 27.41% and a net margin of 5.78%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 EPS. As a group, analysts forecast that Crown Holdings, Inc. will post 8.41 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 19.50%.

Crown Profile

Crown Holdings, Inc is a global packaging company that designs and manufactures metal packaging for consumer goods and industrial products. Its products include beverage cans, food cans, aerosol containers, metal closures and other packaging components.

The company serves customers across a range of industries, including beverage, food, household and personal care, and industrial markets. Its operations span North America, Europe, Asia-Pacific and other international markets.

Crown traces its roots to 1892, when William Painter founded the Crown Cork and Seal Company in Baltimore.