Crown Holdings, Inc. $CCK Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Crown Holdings, Inc. (NYSE:CCK) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,289 shares of the industrial products company’s stock after selling 6,651 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Crown were worth $25,672,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Forum Financial Management LP boosted its position in shares of Crown by 13.7% in the 2nd quarter. Forum Financial Management LP now owns 3,359 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 406 shares during the period. Ethic Inc. lifted its position in Crown by 29.6% during the 2nd quarter. Ethic Inc. now owns 12,236 shares of the industrial products company’s stock worth $1,266,000 after acquiring an additional 2,794 shares during the period. Rehmann Capital Advisory Group acquired a new stake in Crown during the 2nd quarter worth approximately $731,000. Cookson Peirce & Co. Inc. acquired a new stake in Crown during the 2nd quarter worth approximately $7,251,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Crown by 3,569.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock worth $49,000 after buying an additional 464 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

Shares of Crown stock opened at $97.67 on Wednesday. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The stock has a market capitalization of $11.37 billion, a P/E ratio of 12.09, a PEG ratio of 1.35 and a beta of 0.73. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The business’s fifty day moving average price is $95.99 and its 200 day moving average price is $98.16.

Crown (NYSE:CCK) last issued its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm earned $1.99 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 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 will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a $0.26 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction on 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 transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

CCK has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating and set a $117.00 target price on shares of Crown in a research note on Tuesday, October 21st. Truist Financial reaffirmed a “buy” rating and issued a $126.00 price objective (up from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. Baird R W downgraded Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Wells Fargo & Company raised their price target on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Citigroup dropped their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $118.08.

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.