Franklin Resources Inc. Has $299.67 Million Stock Holdings in Crown Holdings, Inc. $CCK

Franklin Resources Inc. decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,910,291 shares of the industrial products company’s stock after selling 69,551 shares during the period. Franklin Resources Inc.’s holdings in Crown were worth $299,673,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CCK. Smartleaf Asset Management LLC increased its position in shares of Crown by 105.0% during the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Crown during the third quarter worth $29,000. ORG Partners LLC increased its position in shares of Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Crown during the fourth quarter worth $42,000. Institutional investors own 90.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the transaction, the chief executive officer owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

CCK has been the subject of several research reports. JPMorgan Chase & Co. raised 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. Truist Financial lowered their price objective on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. DA Davidson lowered their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Finally, Citigroup increased their price objective on shares of Crown from $127.00 to $129.00 and gave the stock 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 company’s stock. According to data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Crown Stock Up 4.0%

Crown stock opened at $95.75 on Wednesday. The company has a market cap of $10.70 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62. The company has a fifty day simple moving average of $100.10 and a 200 day simple moving average of $103.00. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm 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 anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Crown’s dividend payout ratio (DPR) is 22.29%.

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.