Arbejdsmarkedets Tillaegspension bought a new position in Crown Holdings, Inc. (NYSE:CCK – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 246,910 shares of the industrial products company’s stock, valued at approximately $25,424,000. Crown comprises approximately 0.6% of Arbejdsmarkedets Tillaegspension’s investment portfolio, making the stock its 2nd biggest holding.
Several other large investors also recently added to or reduced their stakes in the business. ORG Partners LLC grew its position in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. Siemens Fonds Invest GmbH grew its position in Crown by 7.7% in the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 116 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Crown by 2.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,388 shares of the industrial products company’s stock worth $658,000 after buying an additional 126 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in shares of Crown by 1.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 12,618 shares of the industrial products company’s stock worth $1,299,000 after buying an additional 130 shares during the last quarter. 90.93% of the stock is owned by institutional investors.
Insider Activity
In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the sale, the chief executive officer directly owned 451,070 shares in the company, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,234 shares of company stock worth $5,832,363. 0.90% of the stock is owned by insiders.
Crown Trading Down 1.2%
Crown (NYSE:CCK – Get Free Report) last posted its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The firm’s quarterly revenue 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. On average, equities research analysts forecast that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.
Crown Dividend Announcement
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 issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Crown’s dividend payout ratio is presently 22.29%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Crown in a research note on Monday, February 23rd. Wall Street Zen cut shares of Crown from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. UBS Group reduced their price objective on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Bank of America reduced their price objective on shares of Crown from $131.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Mizuho boosted their price objective on shares of Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Crown has a consensus rating of “Moderate Buy” and an average price target of $120.00.
Check Out Our Latest Stock Analysis on CCK
Crown Company 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.
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