Pictet Asset Management Holding SA Sells 48,711 Shares of Crown Holdings, Inc. $CCK

Pictet Asset Management Holding SA decreased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 73.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,530 shares of the industrial products company’s stock after selling 48,711 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Crown were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CCK. Smartleaf Asset Management LLC increased its position in Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after buying an additional 148 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Crown during the 3rd quarter worth $29,000. ORG Partners LLC increased its position in Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. increased its position in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the period. Finally, Quent Capital LLC bought a new position in Crown during the 3rd quarter worth $34,000. Institutional investors own 90.93% of the company’s stock.

Insider Transactions at Crown

In other Crown news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the transaction, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy J. Donahue sold 7,500 shares of Crown 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 completion of the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,234 shares of company stock worth $5,832,363. Company insiders own 0.90% of the company’s stock.

Crown Stock Down 1.0%

Shares of NYSE CCK opened at $99.16 on Tuesday. 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 52 week low of $89.21 and a 52 week high of $116.62. The stock has a market capitalization of $11.13 billion, a P/E ratio of 15.79, a PEG ratio of 1.65 and a beta of 0.65. The stock’s fifty day moving average is $105.34 and its 200 day moving average is $102.96.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, topping 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 company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the business earned $1.67 earnings per share. Crown’s revenue was up 12.9% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Sell-side analysts forecast that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, May 14th. Crown’s payout ratio is currently 22.29%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada lowered their price objective on Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. 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 report on Wednesday, April 15th. UBS Group lowered their price objective on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group restated a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.93.

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.