IFM Investors Pty Ltd Has $2.28 Million Stock Holdings in Crown Holdings, Inc. $CCK

IFM Investors Pty Ltd grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,116 shares of the industrial products company’s stock after purchasing an additional 1,877 shares during the quarter. IFM Investors Pty Ltd’s holdings in Crown were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in Crown by 13.7% during the 1st quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company’s stock worth $110,883,000 after purchasing an additional 149,339 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Crown by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 1,091 shares during the period. GAMMA Investing LLC grew its holdings in Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 630 shares during the period. Inspire Investing LLC purchased a new stake in shares of Crown during the first quarter worth $762,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Crown during the first quarter worth $820,000. 90.93% of the stock is owned by institutional investors.

Crown Trading Down 0.3%

NYSE:CCK opened at $94.38 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.45 and a beta of 0.73. Crown Holdings, Inc. has a one year low of $75.98 and a one year high of $109.48. The business has a fifty day moving average price of $99.54 and a 200-day moving average price of $96.71.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.Crown’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown’s dividend payout ratio is currently 21.85%.

Insider Activity

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares of the company’s stock, valued at $12,617,674.05. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the transaction, the chief executive officer directly owned 462,056 shares of the company’s stock, valued at $46,464,351.36. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock valued at $5,873,770 in the last three months. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CCK has been the topic of several recent research reports. Truist Financial upgraded Crown from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Friday, September 5th. Bank of America raised their price target on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Loop Capital lifted their price objective on Crown from $129.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Crown from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird boosted their price target on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.