Kera Capital Partners Inc. Has $556,000 Holdings in Crown Holdings, Inc. $CCK

Kera Capital Partners Inc. raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 63.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,397 shares of the industrial products company’s stock after acquiring an additional 2,093 shares during the quarter. Kera Capital Partners Inc.’s holdings in Crown were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCK. Invesco Ltd. increased its position in Crown by 412.2% in the 1st quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company’s stock valued at $153,464,000 after acquiring an additional 1,383,624 shares in the last quarter. Swedbank AB grew its position in shares of Crown by 114.7% during the 1st quarter. Swedbank AB now owns 1,476,566 shares of the industrial products company’s stock worth $131,798,000 after buying an additional 788,818 shares during the period. Nuveen LLC acquired a new stake in shares of Crown during the 1st quarter worth approximately $41,360,000. Worldquant Millennium Advisors LLC grew its position in shares of Crown by 216.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 335,902 shares of the industrial products company’s stock worth $27,776,000 after buying an additional 229,705 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Crown by 30.9% during the 1st quarter. Russell Investments Group Ltd. now owns 756,002 shares of the industrial products company’s stock worth $67,478,000 after buying an additional 178,273 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCK. JPMorgan Chase & Co. lifted their price target on shares of Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Baird R W cut shares of Crown from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 17th. Morgan Stanley lifted their price target on shares of Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 25th. Bank of America lifted their price target on shares of Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Mizuho lifted their price target on shares of Crown from $110.00 to $127.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

Insider Activity at Crown

In other news, CAO Gerard H. Gifford sold 8,222 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares of the company’s stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,222 shares of company stock valued at $5,873,770 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Crown Stock Down 1.1%

Shares of NYSE CCK opened at $96.53 on Friday. The stock has a market cap of $11.23 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.49 and a beta of 0.73. The firm has a 50 day moving average price of $101.07 and a 200 day moving average price of $96.34. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. Crown’s dividend payout ratio is 21.85%.

Crown 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.