Royal Bank of Canada Acquires 62,545 Shares of Crown Holdings, Inc. $CCK

Royal Bank of Canada lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 61.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,706 shares of the industrial products company’s stock after purchasing an additional 62,545 shares during the period. Royal Bank of Canada’s holdings in Crown were worth $16,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC grew its position in Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after buying an additional 91 shares during the period. Parallel Advisors LLC grew its position in shares of Crown by 12.5% during the 4th quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 104 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of 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. Siemens Fonds Invest GmbH lifted its stake in Crown by 7.7% in the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 116 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Crown by 2.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 121 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Stock Down 0.9%

CCK opened at $121.07 on Friday. The firm has a market capitalization of $13.17 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.71 and a beta of 0.59. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $122.91. The company has a fifty day moving average price of $108.74 and a 200-day moving average price of $106.18. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the company earned $2.15 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities research analysts expect that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. Crown’s payout ratio is presently 20.14%.

Analysts Set New Price Targets

Several analysts have issued reports on CCK shares. Robert W. Baird boosted their target price on Crown from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Mizuho lifted their price objective on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Bank of America boosted their price objective on Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Crown in a research report on Wednesday, July 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Crown in a research note on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.20.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.