Royal Bank of Canada Purchases 62,545 Shares of Crown Holdings, Inc. $CCK

Key Points

• Royal Bank of Canada increased its Crown Holdings stake by 61.8% in the first quarter, acquiring 62,545 additional shares and bringing its total holdings to 163,706 shares valued at approximately $16.4 million.
• Crown reported stronger-than-expected quarterly results, with EPS of $2.49 versus the $2.16 consensus estimate and revenue of $3.67 billion, up 16.5% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $128.20, while Crown declared a quarterly dividend of $0.35 per share, representing a 1.2% annualized yield.

Royal Bank of Canada lifted its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 61.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,706 shares of the industrial products company's stock after acquiring an additional 62,545 shares during the period. Royal Bank of Canada owned approximately 0.15% of Crown worth $16,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCK. Caitong International Asset Management Co. Ltd acquired a new stake in Crown during the third quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its stake in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock valued at $32,000 after buying an additional 111 shares during the period. BOK Financial Private Wealth Inc. bought a new position in shares of Crown during the 4th quarter worth approximately $42,000. Smartleaf Asset Management LLC boosted its holdings in shares of Crown by 52.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company's stock worth $46,000 after buying an additional 151 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company's stock worth $49,000 after buying an additional 91 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCK has been the topic of a number of research reports. Wall Street Zen upgraded shares of Crown from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Crown in a research note on Wednesday, July 22nd. Mizuho upped their price objective on shares of Crown from $130.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. BMO Capital Markets increased their price objective on shares of Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered Crown from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $107.00 to $121.00 in a research report on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Crown Stock Down 0.9%

Shares of NYSE:CCK opened at $121.07 on Friday. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.71 and a beta of 0.59. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $122.91. The business's 50 day moving average is $108.74 and its 200 day moving average is $106.18.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the firm posted $2.15 EPS. Crown's quarterly 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, sell-side analysts forecast that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given 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 is Thursday, August 6th. Crown's dividend payout ratio (DPR) is presently 20.14%.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the sale, the chief executive officer directly owned 436,070 shares of the company's stock, valued at approximately $45,787,350. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company's stock.

Crown 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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