Crown Holdings, Inc. (NYSE:CCK) Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 4.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,041 shares of the industrial products company's stock after purchasing an additional 10,295 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Crown worth $23,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Crown by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company's stock worth $951,306,000 after buying an additional 176,639 shares in the last quarter. Sessa Capital IM L.P. boosted its stake in Crown by 153.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 3,289,374 shares of the industrial products company's stock valued at $244,697,000 after acquiring an additional 1,989,374 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Crown by 31.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,976,500 shares of the industrial products company's stock worth $147,032,000 after acquiring an additional 473,000 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Crown by 7.1% in the 2nd quarter. Clearbridge Investments LLC now owns 1,677,752 shares of the industrial products company's stock worth $124,808,000 after purchasing an additional 111,589 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Crown by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,471,750 shares of the industrial products company's stock valued at $109,504,000 after purchasing an additional 79,502 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Price Performance

CCK traded down $0.20 on Friday, reaching $89.86. The company had a trading volume of 1,726,879 shares, compared to its average volume of 1,059,261. The company has a fifty day moving average of $93.58 and a 200-day moving average of $86.58. The company has a market capitalization of $10.75 billion, a P/E ratio of 110.94, a PEG ratio of 1.99 and a beta of 0.85. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. Crown's payout ratio is currently 123.46%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Royal Bank of Canada boosted their price target on Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Truist Financial raised their price objective on Crown from $95.00 to $103.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Bank of America boosted their target price on shares of Crown from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research report on Saturday, October 26th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.62.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total transaction of $725,475.00. Following the sale, the chief executive officer now directly owns 563,678 shares of the company's stock, valued at $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Miller sold 1,006 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the transaction, the director now owns 12,424 shares of the company's stock, valued at $1,187,734.40. This trade represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,506 shares of company stock valued at $3,157,399 over the last ninety days. Insiders own 0.90% of the company's stock.

Crown 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.