Crown (NYSE:CCK) Price Target Cut to $109.00 by Analysts at Wells Fargo & Company

Crown (NYSE:CCK) had its price target lowered by Wells Fargo & Company from $111.00 to $109.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

CCK has been the subject of several other research reports. Wall Street Zen upgraded shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Morgan Stanley restated an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Crown in a research report on Wednesday, April 1st. They set a “buy” rating and a $124.00 price target for the company. Mizuho increased their price target on shares of Crown from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Citigroup reduced their price target on shares of Crown from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Monday. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.80.

Crown Stock Performance

Shares of CCK stock opened at $107.13 on Tuesday. The firm has a 50-day moving average of $107.66 and a 200-day moving average of $102.23. The company has a market cap of $12.02 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.77 and a beta of 0.75. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.03 and a quick ratio of 0.66. Crown has a one year low of $83.23 and a one year high of $116.62.

Crown (NYSE:CCK) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.69 by $0.05. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.99 billion. Crown had a net margin of 5.97% and a return on equity of 26.68%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. Equities research analysts forecast that Crown will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Crown’s previous quarterly dividend of $0.26. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Crown’s payout ratio is currently 21.98%.

Insider Transactions at Crown

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $114.80, for a total value of $3,413,463.20. Following the sale, the chief operating officer directly owned 88,052 shares of the company’s stock, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer directly owned 458,570 shares in the company, valued at approximately $48,149,850. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,234 shares of company stock worth $5,818,488. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Crown

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its stake in Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Crown by 105.0% in the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Crown in the third quarter valued at approximately $29,000. ORG Partners LLC raised its stake in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Crown by 45.3% in the first 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 in the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

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.