Nordea Investment Management AB Reduces Stock Position in Crown Holdings, Inc. $CCK

Nordea Investment Management AB cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,629,820 shares of the industrial products company’s stock after selling 61,950 shares during the period. Nordea Investment Management AB owned about 1.40% of Crown worth $155,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CCK. Harbor Capital Advisors Inc. grew its position in Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 134 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Crown by 45.3% in the 1st 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 during the last quarter. Mather Group LLC. purchased a new position in shares of Crown in the 3rd quarter worth approximately $39,000. Ameritas Advisory Services LLC purchased a new position in shares of Crown in the 2nd quarter worth approximately $46,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Crown by 3,569.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 477 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 464 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Insiders Place Their Bets

In other Crown news, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the sale, the chief operating officer directly owned 96,841 shares in the company, valued at approximately $9,782,877.82. This represents a 16.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy J. Donahue sold 29,024 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $105.00, for a total value of $3,047,520.00. Following the transaction, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. The trade was a 6.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 57,254 shares of company stock valued at $5,933,134. 0.90% of the stock is currently owned by corporate insiders.

Crown Trading Down 2.0%

NYSE CCK opened at $103.78 on Wednesday. The stock has a market cap of $11.97 billion, a PE ratio of 12.84, a PEG ratio of 1.22 and a beta of 0.75. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The company’s 50-day moving average price is $99.85 and its 200-day moving average price is $99.31. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65.

Crown (NYSE:CCK) last released its quarterly earnings data on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.26. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 26.86%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS and its FY 2025 guidance at 7.700-7.80 EPS. Equities research analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, November 6th. Crown’s dividend payout ratio (DPR) is presently 12.87%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCK. Mizuho raised their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Truist Financial increased their target price on shares of Crown from $126.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada raised their target price on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. UBS Group upped their price target on shares of Crown from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.62.

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.