2,271 Shares in Crown Holdings, Inc. $CCK Purchased by OLD National Bancorp IN

OLD National Bancorp IN acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,271 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Crown by 19.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 104 shares during the last quarter. Larson Financial Group LLC lifted its stake in Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock valued at $30,000 after buying an additional 107 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake 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. Nisa Investment Advisors LLC lifted its stake in Crown by 4.2% in the first quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company’s stock valued at $256,000 after buying an additional 115 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Crown by 4.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 2,810 shares of the industrial products company’s stock valued at $251,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insiders Place Their Bets

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 37,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares in the company, valued at approximately $46,464,351.36. This represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CCK has been the topic of a number of research reports. Loop Capital lifted their price target on shares of Crown from $129.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on shares of Crown from $101.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Wall Street Zen lowered shares of Crown from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Crown in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.25.

Crown Price Performance

Shares of CCK opened at $91.95 on Thursday. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.41 and a beta of 0.73. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company’s fifty day simple moving average is $97.47 and its 200 day simple moving average is $97.11. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. Crown’s payout ratio is presently 21.85%.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.