Rep. Thomas H. Kean, Jr. Sells Off Shares of Crown Holdings, Inc. (NYSE:CCK)

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Crown Holdings, Inc. NYSE: CCK. In a filing disclosed on June 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Crown stock on May 8th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 6/30/2025.
• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 6/26/2025.
• Sold $1,001 - $15,000 in shares of WESCO International NYSE: WCC on 6/23/2025.
• Purchased $1,001 - $15,000 in shares of Danaher NYSE: DHR on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of AON NYSE: AON on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Becton, Dickinson and Company NYSE: BDX on 5/13/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 5/8/2025.
• Purchased $1,001 - $15,000 in shares of Thermo Fisher Scientific NYSE: TMO on 5/5/2025.
• Sold $1,001 - $15,000 in shares of Franklin Resources NYSE: BEN on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 4/24/2025.

Crown Stock Down 1.2%

CCK stock traded down $1.24 during trading on Friday, hitting $102.96. 1,370,236 shares of the stock traded hands, compared to its average volume of 1,163,508. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The firm's 50 day moving average is $102.56 and its two-hundred day moving average is $93.22. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.59 and a beta of 0.76. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.56.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company earned $1.81 EPS. Crown's revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, August 7th. Crown's dividend payout ratio is currently 21.85%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp acquired a new stake in shares of Crown in the 4th quarter valued at about $2,607,000. Vontobel Holding Ltd. boosted its position in shares of Crown by 9.5% in the 4th quarter. Vontobel Holding Ltd. now owns 22,833 shares of the industrial products company's stock valued at $1,888,000 after purchasing an additional 1,988 shares during the period. Rhumbline Advisers boosted its position in shares of Crown by 1.3% in the 4th quarter. Rhumbline Advisers now owns 343,860 shares of the industrial products company's stock valued at $28,434,000 after purchasing an additional 4,374 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Crown in the 4th quarter valued at about $1,176,000. Finally, CIBC Asset Management Inc boosted its position in shares of Crown by 13.7% in the 4th quarter. CIBC Asset Management Inc now owns 4,894 shares of the industrial products company's stock valued at $405,000 after purchasing an additional 590 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCK. Barclays lifted their price objective on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Wall Street Zen cut Crown from a "strong-buy" rating to a "buy" rating in a report on Friday, July 18th. Loop Capital increased their price target on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. Robert W. Baird upped their price objective on Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Mizuho increased their price target on Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.67.

Insider Activity at Crown

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of Crown stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president directly owned 4,500 shares in the company, valued at approximately $447,345. This trade represents a 32.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total value of $679,000.00. Following the completion of the transaction, the chief operating officer owned 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.