Siemens Fonds Invest GmbH Invests $713,000 in Crown Holdings, Inc. (NYSE:CCK)

Siemens Fonds Invest GmbH purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,622 shares of the industrial products company's stock, valued at approximately $713,000.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in Crown by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company's stock valued at $67,183,000 after buying an additional 8,739 shares during the period. Iridian Asset Management LLC CT boosted its position in Crown by 13.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 222,292 shares of the industrial products company's stock worth $18,381,000 after buying an additional 26,443 shares during the period. Washington Capital Management Inc. acquired a new stake in Crown during the 4th quarter worth approximately $604,000. Vontobel Holding Ltd. boosted its position in Crown by 9.5% during the 4th quarter. Vontobel Holding Ltd. now owns 22,833 shares of the industrial products company's stock worth $1,888,000 after buying an additional 1,988 shares during the period. Finally, Swedbank AB lifted its position in shares of Crown by 379.3% in the 4th quarter. Swedbank AB now owns 687,748 shares of the industrial products company's stock worth $56,870,000 after purchasing an additional 544,246 shares during the period. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the sale, the vice president now directly owns 4,500 shares of the company's stock, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now owns 135,014 shares of the company's stock, valued at $13,096,358. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

CCK has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price target on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank of Canada upped their price objective on shares of Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, UBS Group upped their price target on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $110.45.

Crown Stock Performance

CCK stock traded down $0.03 during trading on Friday, hitting $98.48. 1,403,784 shares of the company traded hands, compared to its average volume of 1,226,327. The stock's 50-day simple moving average is $91.63 and its 200 day simple moving average is $88.82. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market cap of $11.46 billion, a PE ratio of 27.66, a P/E/G ratio of 1.56 and a beta of 0.76. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $100.24.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the company posted $1.02 earnings per share. The business's revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.04 annualized dividend and a yield of 1.06%. Crown's payout ratio is 22.37%.

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.