Sumitomo Mitsui Trust Group Inc. Trims Stock Holdings in Crown Holdings, Inc. $CCK

Sumitomo Mitsui Trust Group Inc. lowered its stake in Crown Holdings, Inc. (NYSE:CCK) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,345 shares of the industrial products company’s stock after selling 8,944 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Crown were worth $23,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp raised its stake in Crown by 1.6% during the 2nd quarter. State Street Corp now owns 4,421,691 shares of the industrial products company’s stock worth $455,346,000 after acquiring an additional 71,355 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Crown by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 3,300,662 shares of the industrial products company’s stock worth $339,902,000 after purchasing an additional 165,600 shares in the last quarter. Invesco Ltd. increased its stake in shares of Crown by 58.6% in the second quarter. Invesco Ltd. now owns 2,727,276 shares of the industrial products company’s stock worth $280,855,000 after purchasing an additional 1,007,980 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Crown by 43.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,533,612 shares of the industrial products company’s stock valued at $260,835,000 after buying an additional 765,136 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Crown by 60.8% in the 3rd quarter. Swedbank AB now owns 2,493,570 shares of the industrial products company’s stock worth $240,854,000 after buying an additional 943,045 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCK shares. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Royal Bank Of Canada increased their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Citigroup lowered their price target on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Wells Fargo & Company increased their price objective on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Crown in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.62.

Crown Stock Performance

NYSE CCK opened at $104.12 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. 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 simple moving average of $100.26 and a two-hundred day simple moving average of $99.39. The stock has a market capitalization of $12.01 billion, a PE ratio of 12.89, a P/E/G ratio of 1.21 and a beta of 0.75.

Crown (NYSE:CCK) last posted its earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 26.86% and a net margin of 7.79%.The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company earned $1.99 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. On average, research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the sale, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. The trade was a 6.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the completion of the transaction, the chief operating officer directly owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. The trade was a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 57,254 shares of company stock worth $5,933,134. Insiders own 0.90% of the company’s stock.

Crown 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.