1,006,774 Shares in Crown Holdings, Inc. $CCK Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,006,774 shares of the industrial products company's stock, valued at approximately $112,578,000. Bank of New York Mellon Corp owned about 0.93% of Crown as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Crown in the 3rd quarter worth $29,000. Geneos Wealth Management Inc. boosted its holdings in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after purchasing an additional 111 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of Crown in the fourth quarter worth about $42,000. Smartleaf Asset Management LLC increased its holdings in Crown by 52.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 151 shares during the period. Finally, Root Financial Partners LLC raised its position 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 last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

CCK has been the topic of several research analyst reports. Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a research note on Saturday, June 20th. Mizuho lifted their price target on shares of Crown from $130.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. Truist Financial restated a "buy" rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. JPMorgan Chase & Co. cut shares of Crown from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $107.00 to $121.00 in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets lifted their target price on shares of Crown from $130.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.20.

Crown Trading Up 0.3%

NYSE:CCK opened at $119.88 on Tuesday. The company's 50 day moving average price is $114.32 and its 200-day moving average price is $107.37. Crown Holdings, Inc. has a 52 week low of $89.21 and a 52 week high of $122.91. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.67 and a beta of 0.59.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.37 billion. During the same period last year, the firm posted $2.15 earnings per share. Crown's revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, equities research analysts forecast that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. Crown's dividend payout ratio (DPR) is presently 20.14%.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares of the company's stock, valued at $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

Crown Company 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.

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