Public Employees Retirement System of Ohio Takes $3.86 Million Position in Crown Holdings, Inc. $CCK

Public Employees Retirement System of Ohio bought a new position in Crown Holdings, Inc. (NYSE:CCK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,524 shares of the industrial products company’s stock, valued at approximately $3,860,000.

A number of other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC boosted its holdings in shares of Crown by 23.8% in the 4th quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 91 shares in the last quarter. Parallel Advisors LLC boosted its stake in Crown by 12.5% in the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 104 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of 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 last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of Crown by 7.7% during the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 116 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Crown by 2.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company’s stock valued at $585,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the topic of several research reports. Citigroup reiterated a “buy” rating on shares of Crown in a research report on Thursday, July 23rd. Mizuho boosted their target price on shares of Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. DA Davidson reduced their target price on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Truist Financial reissued a “buy” rating and set a $141.00 price target (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and raised their price target for the company from $107.00 to $121.00 in a report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Crown Stock Down 1.1%

Shares of NYSE CCK opened at $115.74 on Friday. The firm has a market capitalization of $12.59 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.64 and a beta of 0.58. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $122.91. The firm’s 50-day moving average is $116.43 and its 200-day moving average is $107.68.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Crown had a net margin of 5.91% and a return on equity of 27.33%. During the same period last year, the firm earned $2.15 earnings per share. The business’s revenue for the quarter 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. Equities analysts expect that Crown Holdings, Inc. will post 8.39 EPS for the current year.

Crown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 1.2%. Crown’s dividend payout ratio is presently 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

Crown Company 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.