Mitsubishi UFJ Trust & Banking Corp Boosts Stock Holdings in Crown Holdings, Inc. $CCK

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 29.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,279 shares of the industrial products company’s stock after buying an additional 69,834 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.26% of Crown worth $31,438,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in Crown by 13.7% during the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock valued at $110,883,000 after buying an additional 149,339 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Crown during the first quarter worth about $762,000. Andra AP fonden grew its stake in shares of Crown by 52.6% in the second quarter. Andra AP fonden now owns 20,900 shares of the industrial products company’s stock worth $2,152,000 after purchasing an additional 7,200 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Crown during the 2nd quarter valued at about $1,362,000. Finally, Applied Finance Capital Management LLC bought a new position in Crown during the 2nd quarter valued at approximately $304,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada raised their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Truist Financial reaffirmed a “buy” rating and set a $126.00 target price (up previously from $118.00) on shares of Crown in a research note on Wednesday, October 22nd. Baird R W cut Crown from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 17th. Finally, Robert W. Baird raised their price objective on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.08.

Crown Trading Up 2.2%

NYSE:CCK opened at $100.87 on Friday. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.30 and a beta of 0.78. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The company’s 50 day moving average price is $95.76 and its 200-day moving average price is $99.06. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $1.99 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, equities research analysts forecast that Crown Holdings, Inc. will post 6.96 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, November 20th. Investors of record on Thursday, November 6th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, November 6th. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the transaction, the chief executive officer directly owned 449,056 shares of the company’s stock, valued at $45,139,109.12. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

About Crown

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.