Handelsbanken Fonder AB increased its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,253 shares of the industrial products company's stock after purchasing an additional 18,280 shares during the quarter. Handelsbanken Fonder AB owned about 0.25% of Crown worth $31,450,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Crown by 24.1% in the 1st quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company's stock worth $4,367,000 after acquiring an additional 9,497 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Crown by 39.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company's stock valued at $367,000 after acquiring an additional 1,161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Crown during the first quarter worth approximately $111,000. NewEdge Advisors LLC raised its holdings in Crown by 6.3% during the first quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company's stock worth $528,000 after purchasing an additional 351 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Crown by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company's stock valued at $59,471,000 after purchasing an additional 127,737 shares in the last quarter. Institutional investors own 90.93% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on CCK shares. Bank of America lifted their price target on Crown from $129.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Truist Financial reaffirmed a "buy" rating and set a $141.00 target price (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Mizuho boosted their price target on shares of Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial upped their price target on shares of Crown from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and a consensus target price of $128.20.
Get Our Latest Stock Report on CCK
Crown Price Performance
NYSE CCK opened at $120.00 on Wednesday. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $122.91. The business's fifty day moving average is $110.25 and its two-hundred day moving average is $106.55. The stock has a market capitalization of $13.05 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.65 and a current ratio of 1.05.
Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.33. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company's revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $2.15 EPS. 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, research analysts forecast that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.
Crown Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Crown's dividend payout ratio (DPR) is currently 20.14%.
Insider Transactions at Crown
In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the sale, the chief executive officer owned 436,070 shares in the company, valued at approximately $45,787,350. The trade was a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company's stock.
Crown Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Crown, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crown wasn't on the list.
While Crown currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
