Clearbridge Investments LLC Sells 12,378 Shares of Crown Holdings, Inc. $CCK

Clearbridge Investments LLC reduced its stake in Crown Holdings, Inc. (NYSE:CCK) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 420,101 shares of the industrial products company’s stock after selling 12,378 shares during the quarter. Clearbridge Investments LLC’s holdings in Crown were worth $43,258,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Root Financial Partners LLC boosted its stake in shares of Crown by 23.8% in 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 boosted its stake in shares of Crown by 12.5% in the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after buying an additional 104 shares during the period. ORG Partners LLC boosted its stake in shares of Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares during the period. Finally, Siemens Fonds Invest GmbH boosted its stake in shares of 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 buying an additional 116 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCK has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Crown in a research note on Wednesday, April 1st. They issued a “buy” rating and a $124.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective for the company in a research report on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Finally, Citigroup boosted their price objective on shares of Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Crown Stock Up 4.0%

Shares of CCK opened at $95.75 on Wednesday. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $116.62. The company has a market cap of $10.70 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.52 and a beta of 0.63. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $100.10 and a two-hundred day simple moving average of $103.00.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Research analysts forecast that Crown Holdings, Inc. will post 8.05 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Crown’s dividend payout ratio is 22.29%.

Insider Activity

In other news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total transaction of $801,375.00. Following the completion of the transaction, the chief executive officer directly owned 451,070 shares in the company, valued at approximately $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing 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. Company insiders own 0.90% of the company’s stock.

Crown 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.