Crown Holdings, Inc. $CCK Stock Position Increased by Swedbank AB

Key Points

• Swedbank AB significantly increased its stake in Crown Holdings, acquiring an additional 788,818 shares, leading to a total of 1,476,566 shares, valued at approximately $131.8 million.
• A variety of institutional investors, including Invesco Ltd., Nuveen LLC, and Bank of New York Mellon Corp., have also made substantial moves in Crown's stock, indicating a strong institutional interest.
• Crown Holdings reported a quarterly earnings per share (EPS) of $2.15, surpassing analyst expectations, and set its fiscal year 2025 guidance at $7.10-$7.50 EPS.

Swedbank AB lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 114.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,476,566 shares of the industrial products company's stock after buying an additional 788,818 shares during the quarter. Swedbank AB owned 1.27% of Crown worth $131,798,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock valued at $30,000 after buying an additional 107 shares during the period. Geneos Wealth Management Inc. increased its holdings in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after purchasing an additional 111 shares during the last quarter. Signaturefd LLC increased its holdings in Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after purchasing an additional 245 shares during the last quarter. National Pension Service increased its holdings in Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after purchasing an additional 189 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after purchasing an additional 184 shares during the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Gerard H. Gifford sold 8,222 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Donahue sold 13,000 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the completion of the sale, the chief executive officer directly owned 449,056 shares in the company, valued at $45,139,109.12. This represents a 2.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock worth $5,873,770 in the last three months. Company insiders own 0.90% of the company's stock.

Crown Stock Performance

CCK stock traded up $0.34 during trading on Thursday, reaching $95.36. 245,953 shares of the company's stock were exchanged, compared to its average volume of 1,276,947. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company's fifty day moving average price is $100.30 and its 200-day moving average price is $96.48. The firm has a market cap of $11.10 billion, a PE ratio of 20.05, a P/E/G ratio of 1.46 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's payout ratio is currently 21.85%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial upgraded Crown from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a report on Friday, September 5th. Loop Capital lifted their price objective on Crown from $129.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Morgan Stanley lifted their target price on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.67.

Crown Company 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.