TD Asset Management Inc Sells 1,030 Shares of Crown Holdings, Inc. $CCK

TD Asset Management Inc cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,447 shares of the industrial products company’s stock after selling 1,030 shares during the quarter. TD Asset Management Inc’s holdings in Crown were worth $1,076,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Crown by 13.7% in the first quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock worth $110,883,000 after acquiring an additional 149,339 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Crown by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company’s stock valued at $158,000 after buying an additional 1,091 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company’s stock valued at $107,000 after buying an additional 630 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Crown during the first quarter valued at about $762,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Crown in the 1st quarter valued at approximately $820,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCK has been the topic of several research reports. Citigroup cut their price target on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Crown in a report on Wednesday, October 8th. Bank of America increased their price target on shares of Crown from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Morgan Stanley increased their price target on shares of Crown from $114.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday, June 25th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Crown in a report on Wednesday. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.08.

Insider Activity

In other news, CEO Timothy J. Donahue sold 37,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was 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 directly owned 462,056 shares of the company’s stock, valued at approximately $46,464,351.36. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Gerard H. Gifford sold 8,222 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer owned 122,585 shares of the company’s stock, valued at approximately $12,617,674.05. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is currently owned by corporate insiders.

Crown Stock Performance

NYSE CCK opened at $99.07 on Thursday. The company has a market cap of $11.53 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.45 and a beta of 0.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The stock has a 50-day moving average of $96.12 and a two-hundred day moving average of $97.44. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48.

Crown (NYSE:CCK) last released its earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.13 billion. Crown had a return on equity of 27.35% and a net margin of 7.79%.Crown’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 EPS. 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, analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

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.