Sterling Capital Management LLC Sells 23,810 Shares of Crown Holdings, Inc. $CCK

Sterling Capital Management LLC reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 84.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,229 shares of the industrial products company’s stock after selling 23,810 shares during the quarter. Sterling Capital Management LLC’s holdings in Crown were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after purchasing an additional 93,045 shares during the period. AQR Capital Management LLC increased its holdings in shares of Crown by 19.3% during the fourth quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock worth $426,086,000 after purchasing an additional 670,412 shares during the period. Invesco Ltd. raised its position in shares of Crown by 33.6% in the fourth quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after buying an additional 886,471 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Crown by 5.3% in the third quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after buying an additional 149,700 shares during the period. Finally, Swedbank AB boosted its stake in shares of Crown by 1.9% in the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock valued at $261,666,000 after buying an additional 47,613 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Truist Financial lowered their price objective on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Royal Bank Of Canada cut their target price on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. UBS Group reduced their target price on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen upgraded Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price target for the company in a research note on Monday, May 18th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.14.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,000 shares of company stock valued at $3,163,875 over the last quarter. Company insiders own 0.90% of the company’s stock.

Crown Stock Down 0.1%

Shares of CCK opened at $113.17 on Friday. Crown Holdings, Inc. has a one year low of $89.21 and a one year high of $116.62. The company has a market cap of $12.65 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.87 and a beta of 0.60. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $100.57 and a two-hundred day simple moving average of $104.05.

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

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 14th. Crown’s dividend payout ratio is currently 22.29%.

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.