Crown Holdings, Inc. $CCK Shares Sold by Edmp Inc.

Edmp Inc. decreased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,181 shares of the industrial products company’s stock after selling 491 shares during the period. Edmp Inc.’s holdings in Crown were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Verdence Capital Advisors LLC grew its stake in shares of Crown by 2.9% in the second quarter. Verdence Capital Advisors LLC now owns 6,909 shares of the industrial products company’s stock worth $711,000 after acquiring an additional 194 shares in the last quarter. CWM LLC grew its stake in shares of Crown by 171.9% during the second quarter. CWM LLC now owns 41,587 shares of the industrial products company’s stock worth $4,283,000 after purchasing an additional 26,290 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Crown by 11.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,978 shares of the industrial products company’s stock worth $1,440,000 after purchasing an additional 1,387 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Crown by 61.4% during the second quarter. Aberdeen Group plc now owns 6,051 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 2,301 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Crown by 1,093.9% during the second quarter. IFP Advisors Inc now owns 788 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Transactions at Crown

In related news, CAO Gerard H. Gifford sold 8,222 shares of the firm’s 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 owned 122,585 shares in the company, valued at $12,617,674.05. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy J. Donahue sold 13,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the sale, the chief executive officer owned 449,056 shares of the company’s stock, valued at approximately $45,139,109.12. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is owned by insiders.

Crown Price Performance

Shares of NYSE:CCK opened at $90.20 on Tuesday. The company has a 50-day simple moving average of $97.00 and a 200-day simple moving average of $97.27. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.29 and a beta of 0.73.

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

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors 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 dividend on an annualized basis and a yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 21.85%.

Analyst Ratings Changes

A number of brokerages recently commented on CCK. JPMorgan Chase & Co. boosted their target price on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Mizuho decreased their price objective on shares of Crown from $127.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Bank of America raised their price objective on Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Crown in a report on Wednesday, October 8th. Finally, Truist Financial raised Crown from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday, September 5th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.25.

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.