Nordea Investment Management AB Purchases 36,540 Shares of Crown Holdings, Inc. $CCK

Nordea Investment Management AB raised its position in Crown Holdings, Inc. (NYSE:CCK) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,666,360 shares of the industrial products company’s stock after acquiring an additional 36,540 shares during the quarter. Nordea Investment Management AB owned approximately 1.44% of Crown worth $171,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Crown by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 1,907 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 448 shares during the last quarter. Saranac Partners Ltd purchased a new position in shares of Crown during the third quarter valued at about $136,000. Allworth Financial LP increased its position in shares of Crown by 149.7% during the third quarter. Allworth Financial LP now owns 1,496 shares of the industrial products company’s stock valued at $144,000 after buying an additional 897 shares during the period. IFP Advisors Inc raised its stake in Crown by 36.7% in the third quarter. IFP Advisors Inc now owns 1,077 shares of the industrial products company’s stock worth $104,000 after buying an additional 289 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in Crown by 46.7% in the third quarter. Swiss Life Asset Management Ltd now owns 90,401 shares of the industrial products company’s stock worth $8,732,000 after buying an additional 28,764 shares during the period. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Crown

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the transaction, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy J. Donahue sold 29,024 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the sale, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,758 shares of company stock valued at $8,078,508 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

CCK has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Wells Fargo & Company dropped their price target on Crown from $120.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Friday. Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Tuesday, March 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Crown in a report on Friday, February 6th. Finally, UBS Group set a $126.00 price objective on Crown and gave the company a “neutral” rating in a research report on Monday, February 9th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus target price of $125.21.

Crown Stock Down 2.6%

NYSE:CCK opened at $98.40 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. The firm has a market cap of $11.14 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.15 and a beta of 0.70. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $116.62. The firm has a 50-day simple moving average of $108.09 and a two-hundred day simple moving average of $101.24.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.05. The firm had revenue of $3.13 billion for 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 business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Crown’s previous quarterly dividend of $0.26. Crown’s dividend payout ratio is 21.98%.

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.