Crown Holdings, Inc. $CCK Stock Position Lowered by Strs Ohio

Strs Ohio decreased its position in Crown Holdings, Inc. (NYSE:CCK) by 5.0% in the first quarter, HoldingsChannel reports. The firm owned 170,368 shares of the industrial products company’s stock after selling 9,004 shares during the period. Strs Ohio’s holdings in Crown were worth $17,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 91 shares during the period. Parallel Advisors LLC boosted its position in shares of Crown by 12.5% in the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock worth $96,000 after buying an additional 104 shares during the period. ORG Partners LLC grew its holdings in shares of Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares during the period. Finally, Siemens Fonds Invest GmbH raised its position in Crown by 7.7% during the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after buying an additional 116 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CCK. UBS Group decreased their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Citigroup upped their target price on Crown from $127.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Crown in a research report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. DA Davidson lowered their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research note on Friday, March 27th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $120.14.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,000 shares of company stock valued at $3,163,875 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Crown Stock Down 0.1%

Shares of Crown stock opened at $113.17 on Friday. The stock has a 50-day simple moving average of $100.57 and a 200-day simple moving average of $104.05. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $116.62. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.87 and a beta of 0.60. 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 data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, equities research analysts expect that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 14th. Crown’s payout ratio is presently 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.