Raymond James Financial Inc. Has $13.32 Million Position in Silgan Holdings Inc. $SLGN

Key Points

• Raymond James Financial Inc. increased its holdings in Silgan Holdings Inc. by 18.7% in Q1, now owning 260,484 shares valued at approximately $13.3 million.
• Silgan recently announced a quarterly dividend of $0.20 per share, representing an annual yield of 1.7%, with the dividend payout ratio at 28.47%.
• Analysts maintain a positive outlook on Silgan, with a consensus target price of $62.22, and many firms upgrading their ratings on the stock.

Raymond James Financial Inc. grew its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 18.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,484 shares of the industrial products company's stock after acquiring an additional 41,093 shares during the period. Raymond James Financial Inc. owned 0.24% of Silgan worth $13,316,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Silgan by 2.1% during the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock worth $302,458,000 after buying an additional 120,844 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Silgan by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company's stock worth $169,334,000 after acquiring an additional 250,577 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Silgan by 4.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,595,520 shares of the industrial products company's stock worth $133,150,000 after acquiring an additional 115,878 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Silgan by 36.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock valued at $78,885,000 after acquiring an additional 401,890 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Silgan by 764.7% in the 4th quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock valued at $52,708,000 after acquiring an additional 895,528 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Insider Buying and Selling at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.13% of the company's stock.

Silgan Stock Performance

Shares of SLGN stock traded down $1.29 during mid-day trading on Wednesday, reaching $44.81. The stock had a trading volume of 660,406 shares, compared to its average volume of 808,993. Silgan Holdings Inc. has a one year low of $44.37 and a one year high of $58.14. The firm has a market cap of $4.79 billion, a PE ratio of 15.96, a P/E/G ratio of 1.22 and a beta of 0.71. The firm's 50 day simple moving average is $50.97 and its 200 day simple moving average is $51.87. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. On average, analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SLGN shares. Raymond James Financial decreased their target price on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. Truist Financial upped their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada decreased their price target on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, Silgan has an average rating of "Buy" and a consensus target price of $62.22.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.