Skandinaviska Enskilda Banken AB publ Purchases 170,102 Shares of Crown Holdings, Inc. $CCK

Skandinaviska Enskilda Banken AB publ grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 538.9% in the second quarter, HoldingsChannel reports. The fund owned 201,664 shares of the industrial products company’s stock after buying an additional 170,102 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Crown were worth $20,767,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in Crown by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 9,786 shares of the industrial products company’s stock valued at $874,000 after purchasing an additional 1,985 shares during the period. Assetmark Inc. boosted its stake in shares of Crown by 12,839.1% in the first quarter. Assetmark Inc. now owns 11,904 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 11,812 shares during the period. HB Wealth Management LLC bought a new position in Crown during the 1st quarter worth $537,000. LPL Financial LLC increased its stake in Crown by 33.9% during the 1st quarter. LPL Financial LLC now owns 31,973 shares of the industrial products company’s stock worth $2,854,000 after acquiring an additional 8,092 shares during the period. Finally, XTX Topco Ltd acquired a new position in Crown in the 1st quarter valued at $519,000. 90.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CCK shares. Royal Bank Of Canada raised their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Mizuho boosted their target price on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. UBS Group reissued a “buy” rating and issued a $117.00 price objective on shares of Crown in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.08.

Crown Price Performance

Shares of CCK opened at $96.83 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The business has a 50-day moving average of $95.99 and a 200-day moving average of $99.05. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. Crown’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.99 earnings per share. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown’s payout ratio is 12.87%.

Crown Company 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.