Crown Holdings, Inc. $CCK Shares Sold by Empirical Finance LLC

Empirical Finance LLC lessened its stake in Crown Holdings, Inc. (NYSE:CCK) by 52.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,614 shares of the industrial products company’s stock after selling 5,155 shares during the quarter. Empirical Finance LLC’s holdings in Crown were worth $516,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in Crown in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. raised its stake in Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 111 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Crown during the 4th quarter valued at approximately $42,000. Smartleaf Asset Management LLC raised its position in Crown by 52.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 151 shares during the period. Finally, Root Financial Partners LLC lifted its position in Crown by 23.8% in the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after buying an additional 91 shares during the last quarter. 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 research reports. Mizuho upped their price target on Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. downgraded shares of Crown from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $107.00 to $121.00 in a research note on Wednesday, July 22nd. Bank of America increased their target price on shares of Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Raymond James Financial raised their price target on shares of Crown from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada boosted their price target on shares of Crown from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.20.

Crown Stock Up 0.9%

Shares of NYSE:CCK opened at $112.80 on Friday. The firm’s 50 day moving average price is $116.63 and its 200 day moving average price is $107.71. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.58. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $122.91. 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 results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.16 by $0.33. Crown had a net margin of 5.91% and a return on equity of 27.33%. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $2.15 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. 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, equities research analysts predict that Crown Holdings, Inc. will post 8.39 earnings per share for the current fiscal year.

Crown Announces Dividend

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

Insider Transactions at Crown

In other Crown news, CEO Timothy Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer owned 436,070 shares of the company’s stock, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their ownership of the stock. 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. 0.90% of the stock is owned by corporate insiders.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.