Vise Technologies Inc. Acquires Shares of 2,211 Crown Holdings, Inc. $CCK

Vise Technologies Inc. bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, Holdings Channel reports. The firm bought 2,211 shares of the industrial products company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after buying an additional 107 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Signaturefd LLC raised its stake in shares of Crown by 161.2% in the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 245 shares during the last quarter. National Pension Service lifted its position in shares of Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 189 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Crown during the second quarter worth approximately $46,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Performance

CCK stock opened at $95.11 on Tuesday. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. 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 has a market cap of $10.97 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.30 and a beta of 0.78. The business’s fifty day moving average is $95.84 and its 200-day moving average is $99.14.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.26. Crown had a return on equity of 27.35% and a net margin of 7.79%.The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 6th. Crown’s dividend payout ratio (DPR) is currently 12.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CCK. Truist Financial reissued a “buy” rating and issued a $126.00 price target (up previously from $118.00) on shares of Crown in a report on Wednesday, October 22nd. Raymond James Financial reissued an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Wells Fargo & Company boosted their target price on Crown from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a report on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a $117.00 price objective on shares of Crown in a research report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.08.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 37,000 shares of the business’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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

Crown Company 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.