Crown Holdings, Inc. $CCK Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN raised its holdings in Crown Holdings, Inc. (NYSE:CCK) by 507.7% during the 4th quarter, Holdings Channel reports. The firm owned 89,549 shares of the industrial products company’s stock after buying an additional 74,814 shares during the quarter. OLD National Bancorp IN’s holdings in Crown were worth $9,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in shares of Crown by 103.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Crown by 105.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Crown during the third quarter worth $29,000. ORG Partners LLC lifted its holdings in Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Crown by 45.3% during the first 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. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Price Performance

CCK stock opened at $103.43 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66. The business has a 50 day simple moving average of $106.67 and a 200-day simple moving average of $102.51. The firm has a market capitalization of $11.61 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75. Crown Holdings, Inc. has a 1 year low of $86.62 and a 1 year high of $116.62.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05. Crown had a return on equity of 26.68% and a net margin of 5.97%.The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities research analysts anticipate that Crown Holdings, Inc. will post 8.03 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Crown’s previous quarterly dividend of $0.26. Crown’s payout ratio is 21.98%.

Analyst Ratings Changes

A number of research firms have recently commented on CCK. UBS Group cut their target price on shares of Crown from $126.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on Crown in a research note on Wednesday, April 1st. They set a “buy” rating and a $124.00 price objective for the company. Royal Bank Of Canada raised their target price on Crown from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, Wolfe Research set a $115.00 price target on Crown in a research note on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.40.

Insider Activity at Crown

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. The trade was a 25.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction that occurred on 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 $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 59,734 shares of company stock worth $6,619,863. Corporate insiders own 0.90% of the company’s stock.

Crown Profile

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.