Handelsbanken Fonder AB Decreases Holdings in Crown Holdings, Inc. $CCK

Handelsbanken Fonder AB trimmed its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 24.1% in the fourth quarter, Holdings Channel reports. The firm owned 413,000 shares of the industrial products company’s stock after selling 130,900 shares during the period. Handelsbanken Fonder AB’s holdings in Crown were worth $42,527,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Crown by 2.1% during the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock worth $436,078,000 after purchasing an additional 93,045 shares during the period. AQR Capital Management LLC lifted its holdings in Crown by 36.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after buying an additional 933,938 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Crown by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock worth $287,823,000 after buying an additional 149,700 shares in the last quarter. Swedbank AB lifted its holdings in Crown by 1.9% in the 4th quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after buying an additional 47,613 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Crown by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,729,113 shares of the industrial products company’s stock worth $167,013,000 after buying an additional 93,668 shares in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Stock Performance

Shares of Crown stock opened at $95.22 on Wednesday. The firm has a market cap of $10.64 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.60 and a beta of 0.65. The firm’s 50-day simple moving average is $102.26 and its 200-day simple moving average is $103.18. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.70 and a current ratio of 1.12. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $116.62.

Crown (NYSE:CCK) last issued its earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.03 billion. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Equities analysts forecast that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, May 14th. Crown’s dividend payout ratio is 22.29%.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares in the company, valued at approximately $48,196,829.50. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 44,734 shares of company stock worth $5,002,338. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Wells Fargo & Company cut their price objective on shares of Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Finally, Mizuho boosted their price objective on shares of Crown from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

About Crown

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.