Danske Bank A S Has $2.07 Million Stock Holdings in Crown Holdings, Inc. $CCK

Danske Bank A S trimmed its position in Crown Holdings, Inc. (NYSE:CCK) by 57.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,071 shares of the industrial products company’s stock after selling 27,402 shares during the period. Danske Bank A S’s holdings in Crown were worth $2,067,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CCK. JPMorgan Chase & Co. grew its stake in Crown by 226.7% in the third quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock valued at $142,377,000 after acquiring an additional 1,022,789 shares during the period. AQR Capital Management LLC raised its position in shares of Crown by 36.9% during the third quarter. AQR Capital Management LLC now owns 3,467,550 shares of the industrial products company’s stock worth $333,197,000 after purchasing an additional 933,938 shares during the period. Scopus Asset Management L.P. bought a new position in shares of Crown in the 2nd quarter worth $47,214,000. Handelsbanken Fonder AB grew its position in Crown by 242.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 543,900 shares of the industrial products company’s stock valued at $52,535,000 after purchasing an additional 384,900 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Crown by 84.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 835,374 shares of the industrial products company’s stock valued at $80,689,000 after purchasing an additional 381,766 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Crown

In other Crown 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 transaction, the chief operating officer owned 88,052 shares of the company’s stock, valued at $10,108,369.60. This trade represents a 25.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. 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 three months, insiders have sold 52,234 shares of company stock worth $5,832,363. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CCK. UBS Group lowered their price objective on shares of Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Truist Financial decreased their target price on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Morgan Stanley restated an “overweight” rating on shares of Crown in a report on Friday, February 6th. Wolfe Research set a $115.00 price target on shares of Crown in a research report on Friday, February 6th. Finally, Royal Bank Of Canada cut their price target on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.93.

Crown Price Performance

Shares of NYSE:CCK opened at $98.69 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. The stock has a market cap of $11.08 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.65. The stock’s fifty day simple moving average is $105.01 and its two-hundred day simple moving average is $103.02. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. Crown had a net margin of 5.65% and a return on equity of 26.62%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that Crown Holdings, Inc. will post 8.05 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.4%. Crown’s dividend payout ratio (DPR) is 22.29%.

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.