Crown Holdings, Inc. $CCK Shares Acquired by Reynders McVeigh Capital Management LLC

Key Points

• Reynders McVeigh Capital Management increased its Crown Holdings stake by 3.2% in the second quarter, owning 355,461 shares valued at approximately $39.7 million. Institutional investors collectively hold 90.93% of Crown’s stock.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $128.20. Several firms recently raised their targets, including Bank of America to $145.
• Crown reported quarterly EPS of $2.49, beating expectations of $2.16, while revenue rose 16.5% year over year to $3.67 billion. The company also declared a quarterly dividend of $0.35 per share, representing a 1.2% annualized yield.

Reynders McVeigh Capital Management LLC increased its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 355,461 shares of the industrial products company's stock after acquiring an additional 10,983 shares during the period. Crown comprises 1.6% of Reynders McVeigh Capital Management LLC's holdings, making the stock its 21st largest position. Reynders McVeigh Capital Management LLC owned approximately 0.33% of Crown worth $39,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CCK. Root Financial Partners LLC lifted its stake in shares of Crown by 23.8% in 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. Sumitomo Mitsui Trust Group Inc. increased its stake in Crown by 2.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company's stock worth $585,000 after buying an additional 121 shares in the last quarter. Amova Asset Management Americas Inc. raised its stake in Crown by 2.1% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,838 shares of the industrial products company's stock valued at $585,000 after purchasing an additional 121 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Crown by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,972 shares of the industrial products company's stock worth $2,303,000 after buying an additional 152 shares in the last quarter. Finally, Brand Asset Management Group Inc. grew its position in shares of Crown by 9.5% in the fourth quarter. Brand Asset Management Group Inc. now owns 2,290 shares of the industrial products company's stock valued at $236,000 after purchasing an additional 199 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America upped their price target on Crown from $129.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. BMO Capital Markets lifted their price target on shares of Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada boosted their price target on shares of Crown from $131.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Raymond James Financial boosted their price target on Crown from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Finally, UBS Group raised their price target on Crown from $115.00 to $123.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.20.

Insider Buying and Selling

In related news, CEO Timothy Donahue sold 15,000 shares of the 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed 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 Trading Down 0.2%

Shares of NYSE CCK traded down $0.21 during midday trading on Tuesday, reaching $112.16. 625,237 shares of the stock were exchanged, compared to its average volume of 1,092,666. The stock has a 50 day moving average price of $116.60 and a 200-day moving average price of $107.67. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $12.20 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.58 and a beta of 0.58. Crown Holdings, Inc. has a 52-week low of $89.21 and a 52-week high of $122.91.

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

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown's payout ratio is currently 20.14%.

Crown Company Profile

Crown Holdings, Inc NYSE: CCK is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.

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