Legato Capital Management LLC Has $2.20 Million Holdings in Crown Holdings, Inc. $CCK

Legato Capital Management LLC increased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 41.5% in the fourth quarter, Holdings Channel reports. The firm owned 21,369 shares of the industrial products company’s stock after buying an additional 6,265 shares during the quarter. Legato Capital Management LLC’s holdings in Crown were worth $2,200,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. LSV Asset Management grew its stake in shares of Crown by 542.2% during the fourth quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after purchasing an additional 724,620 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Crown during the fourth quarter worth $206,000. Markel Group Inc. grew its stake in shares of Crown by 11.9% during the fourth quarter. Markel Group Inc. now owns 212,000 shares of the industrial products company’s stock worth $21,830,000 after purchasing an additional 22,500 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of Crown during the fourth quarter worth $42,000. Finally, Global Retirement Partners LLC grew its stake in shares of Crown by 305.8% during the fourth quarter. Global Retirement Partners LLC now owns 2,439 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 1,838 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

CCK opened at $96.75 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.60 and a beta of 0.65. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62. The firm’s fifty day simple moving average is $101.77 and its two-hundred day simple moving average is $103.14.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 14th. Crown’s dividend payout ratio (DPR) is currently 22.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada decreased their price objective on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective for the company in a research note on Monday, May 18th. Wolfe Research set a $115.00 target price on Crown in a research note on Friday, February 6th. Finally, Citigroup boosted their target price on Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the transaction, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the completion of the transaction, the chief operating officer directly owned 88,052 shares in the company, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 44,734 shares of company stock worth $5,002,338. Insiders own 0.90% of the company’s stock.

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.