Swedbank AB Raises Stake in Crown Holdings, Inc. $CCK

Key Points

• Swedbank AB increased its stake in Crown Holdings, Inc. by 5.0% during the 2nd quarter, owning approximately 1.33% of the company, valued at $159.67 million.
• Crown Holdings reported $2.15 earnings per share for the last quarter, exceeding analysts' expectations of $1.86, with revenue up 3.6% from the previous year.
• The company recently declared a $0.26 quarterly dividend, reflecting a 1.1% dividend yield and a payout ratio of 21.85%.

Swedbank AB boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,550,525 shares of the industrial products company's stock after buying an additional 73,959 shares during the quarter. Swedbank AB owned 1.33% of Crown worth $159,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after buying an additional 107 shares during the period. Geneos Wealth Management Inc. boosted its stake 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 valued at $32,000 after purchasing an additional 111 shares during the period. Signaturefd LLC boosted its stake in shares of Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 245 shares during the period. National Pension Service boosted its stake in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 189 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of Crown by 39.4% during the first quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 184 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Timothy J. Donahue sold 37,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,222 shares of company stock worth $5,873,770. Corporate insiders own 0.90% of the company's stock.

Crown Stock Down 0.6%

Crown stock traded down $0.58 during trading hours on Friday, reaching $94.68. The stock had a trading volume of 1,471,775 shares, compared to its average volume of 1,253,003. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.46 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The business's 50 day moving average price is $99.80 and its 200-day moving average price is $96.59. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The firm's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Crown's dividend payout ratio is 21.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CCK shares. Baird R W lowered shares of Crown from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 17th. UBS Group upped their price objective on shares of Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Bank of America upped their price objective on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Truist Financial raised shares of Crown from a "hold" rating to a "buy" rating and set a $118.00 price objective for the company in a research note on Friday, September 5th. Finally, Wells Fargo & Company upped their price objective on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown 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.