Principal Financial Group Inc. grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,423 shares of the industrial products company’s stock after purchasing an additional 3,599 shares during the period. Principal Financial Group Inc.’s holdings in Crown Holdings were worth $1,755,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Creative Planning raised its holdings in shares of Crown Holdings by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 23 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Crown Holdings by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 12,625 shares of the industrial products company’s stock worth $668,000 after purchasing an additional 144 shares during the period. James Investment Research Inc. raised its holdings in shares of Crown Holdings by 2.0% during the second quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 340 shares during the period. GAM Holding AG raised its holdings in shares of Crown Holdings by 10.5% during the second quarter. GAM Holding AG now owns 6,226 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 594 shares during the period. Finally, BKD Wealth Advisors LLC raised its holdings in shares of Crown Holdings by 22.8% during the second quarter. BKD Wealth Advisors LLC now owns 6,496 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 1,204 shares during the period. 90.12% of the stock is currently owned by institutional investors.

Shares of Crown Holdings, Inc. (NYSE:CCK) opened at 60.62 on Monday. The company has a 50 day moving average of $59.31 and a 200-day moving average of $57.63. The firm has a market cap of $8.20 billion, a PE ratio of 17.36 and a beta of 1.40. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $61.39.

Crown Holdings (NYSE:CCK) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $1.19 earnings per share. Equities research analysts forecast that Crown Holdings, Inc. will post $4.03 EPS for the current fiscal year.

A number of analysts have weighed in on CCK shares. Jefferies Group LLC reissued a “buy” rating and set a $70.00 target price (up from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, July 10th. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $64.56.

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About Crown Holdings

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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