Robeco Institutional Asset Management B.V. Increases Holdings in Crown Holdings, Inc. $CCK

Robeco Institutional Asset Management B.V. raised its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 50.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,147 shares of the industrial products company’s stock after buying an additional 88,085 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of Crown worth $26,893,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in shares of Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares during the period. Signaturefd LLC grew its holdings 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 period. National Pension Service grew its holdings in shares of Crown by 74.4% in the first quarter. National Pension Service now owns 443 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 189 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Crown by 39.4% during the first quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $96.43 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $11.22 billion, a P/E ratio of 20.26, a P/E/G ratio of 1.48 and a beta of 0.73. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The business’s 50-day moving average is $97.94 and its 200 day moving average is $97.04.

Crown (NYSE:CCK) last posted its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.29. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown’s dividend payout ratio (DPR) is presently 21.85%.

Wall Street Analyst Weigh In

CCK has been the subject of several recent research reports. Citigroup cut their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a report on Monday, September 29th. Truist Financial upgraded Crown from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Crown in a research report on Saturday, September 27th. Robert W. Baird boosted their price objective on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Bank of America boosted their price objective on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.33.

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the completion of the transaction, the chief executive officer directly owned 449,056 shares of the company’s stock, valued at $45,139,109.12. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction on Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the transaction, the chief accounting officer directly owned 122,585 shares of the company’s stock, valued at $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,222 shares of company stock valued at $5,873,770 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

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.