34,524 Shares in Crown Holdings, Inc. $CCK Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 34,524 shares of the industrial products company’s stock, valued at approximately $3,860,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Crown in the third quarter worth about $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Crown in the 4th quarter valued at approximately $42,000. Smartleaf Asset Management LLC increased its stake in Crown by 52.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 151 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Crown by 23.8% during the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 91 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Timothy Donahue sold 15,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at $45,787,350. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CCK has been the topic of a number of research reports. Jefferies Financial Group set a $121.00 price target on shares of Crown in a research note on Wednesday, July 22nd. Robert W. Baird increased their price objective on shares of Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Bank of America raised their price objective on shares of Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Wells Fargo & Company increased their target price on Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.20.

Crown Trading Down 1.1%

NYSE:CCK opened at $115.74 on Friday. The company has a market cap of $12.59 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.64 and a beta of 0.58. Crown Holdings, Inc. has a twelve month low of $89.21 and a twelve month high of $122.91. The business has a 50 day moving average price of $116.43 and a two-hundred day moving average price of $107.68. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. As a group, analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s payout ratio is 20.14%.

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.