Sumitomo Mitsui DS Asset Management Company Ltd Has $3.52 Million Stock Holdings in Crown Holdings, Inc. $CCK

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd has increased its holdings in Crown Holdings, Inc. by 10.1%, owning a total of 34,183 shares valued at approximately $3.52 million.
• Crown Holdings reported $2.15 EPS for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.26 per share.
• Insider trading activity includes CEO Timothy J. Donahue selling 13,000 shares valued at over $1.3 million, reducing his stake to 449,056 shares.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,183 shares of the industrial products company's stock after buying an additional 3,146 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Crown were worth $3,520,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in Crown by 13.7% during the first quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company's stock worth $110,883,000 after acquiring an additional 149,339 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Crown by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after acquiring an additional 1,091 shares in the last quarter. GAMMA Investing LLC raised its position in Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after acquiring an additional 630 shares in the last quarter. Inspire Investing LLC bought a new stake in Crown during the first quarter worth $762,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Crown during the first quarter worth $820,000. 90.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Baird R W lowered Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Loop Capital boosted their target price on Crown from $129.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Morgan Stanley boosted their target price on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Finally, Truist Financial raised Crown from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Friday, September 5th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Crown has an average rating of "Moderate Buy" and an average price target of $120.67.

Crown Price Performance

Shares of Crown stock traded up $0.13 during trading on Tuesday, reaching $94.52. 553,862 shares of the company's stock were exchanged, compared to its average volume of 1,271,761. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a market cap of $11.00 billion, a P/E ratio of 19.85, a PEG ratio of 1.45 and a beta of 0.73. The firm's 50-day moving average price is $99.54 and its 200 day moving average price is $96.71.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly 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 company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.Crown's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown's dividend payout ratio (DPR) is currently 21.85%.

Insider Activity

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

About Crown

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.