Crown Holdings, Inc. $CCK Shares Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC grew its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 355,461 shares of the industrial products company’s stock after buying an additional 10,983 shares during the quarter. Crown accounts for 1.6% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 21st largest position. Reynders McVeigh Capital Management LLC’s holdings in Crown were worth $39,748,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Crown in the fourth quarter worth about $158,288,000. Bank of New York Mellon Corp purchased a new position in Crown during the 2nd quarter worth approximately $112,578,000. Nykredit A S acquired a new position in Crown during the second quarter valued at $99,537,000. LSV Asset Management lifted its position in shares of Crown by 542.2% in the fourth quarter. LSV Asset Management now owns 858,275 shares of the industrial products company’s stock worth $88,377,000 after purchasing an additional 724,620 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Crown during the 4th quarter valued at $59,718,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Transactions at Crown

In other Crown news, CEO Timothy Donahue sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer directly owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Crown Price Performance

CCK stock traded down $0.21 during trading on Tuesday, hitting $112.16. 625,237 shares of the stock traded hands, compared to its average volume of 1,092,666. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.58 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 one year low of $89.21 and a one year high of $122.91. The company has a 50 day simple moving average of $116.60 and a 200 day simple moving average of $107.67.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the firm posted $2.15 EPS. The business’s revenue 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 fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s payout ratio is presently 20.14%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCK. Robert W. Baird increased their price objective on Crown from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Jefferies Financial Group set a $121.00 target price on Crown in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Crown in a research report on Wednesday, July 22nd. Mizuho boosted their price objective on Crown from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Truist Financial restated a “buy” rating and issued a $141.00 target price (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

About Crown

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs and manufactures metal packaging products for consumer goods and industrial customers. Its portfolio includes beverage cans, food cans, aerosol cans, metal closures, and other specialty packaging used for products such as beverages, food, household goods, personal care items, and industrial materials.

The company also provides transit packaging solutions, including equipment and materials used to protect and secure products during shipping.