Swedbank AB Increases Holdings in Crown Holdings, Inc. $CCK

Swedbank AB raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,541,183 shares of the industrial products company’s stock after acquiring an additional 47,613 shares during the quarter. Swedbank AB’s holdings in Crown were worth $261,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Crown by 226.7% in the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after buying an additional 1,022,789 shares in the last quarter. AQR Capital Management LLC lifted its position in Crown by 36.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after acquiring an additional 933,938 shares in the last quarter. Scopus Asset Management L.P. purchased a new position in Crown in the 2nd quarter worth approximately $47,214,000. Handelsbanken Fonder AB boosted its holdings in Crown by 242.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 543,900 shares of the industrial products company’s stock worth $52,535,000 after acquiring an additional 384,900 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Crown by 84.2% in the third quarter. Thrivent Financial for Lutherans now owns 835,374 shares of the industrial products company’s stock valued at $80,689,000 after acquiring an additional 381,766 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCK shares. Mizuho boosted their target price on shares of Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Crown in a report on Friday, February 6th. Citigroup boosted their price objective on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, UBS Group lowered their target price on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average price target of $120.93.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the transaction, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 52,234 shares of company stock valued at $5,832,363. Insiders own 0.90% of the company’s stock.

Crown Price Performance

Shares of CCK stock opened at $98.69 on Wednesday. The firm has a fifty day moving average of $105.01 and a two-hundred day moving average of $103.02. The firm has a market cap of $11.08 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.63 and a beta of 0.65. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, research analysts anticipate 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. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a 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%.

About Crown

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.