Jensen Investment Management Inc. Purchases 7,280 Shares of Crown Holdings, Inc. (NYSE:CCK)

Jensen Investment Management Inc. lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,918 shares of the industrial products company's stock after acquiring an additional 7,280 shares during the quarter. Jensen Investment Management Inc. owned approximately 0.08% of Crown worth $9,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Crown by 35.3% in the 1st quarter. BNP Paribas Financial Markets now owns 56,933 shares of the industrial products company's stock worth $4,513,000 after purchasing an additional 14,843 shares during the period. GSA Capital Partners LLP purchased a new stake in Crown in the first quarter worth about $463,000. SG Americas Securities LLC boosted its position in Crown by 40.9% during the 1st quarter. SG Americas Securities LLC now owns 5,392 shares of the industrial products company's stock valued at $427,000 after acquiring an additional 1,564 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Crown by 108.5% during the 1st quarter. Sei Investments Co. now owns 51,153 shares of the industrial products company's stock worth $4,054,000 after acquiring an additional 26,624 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Crown in the 1st quarter worth approximately $358,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analysts Set New Price Targets

CCK has been the topic of several research reports. Morgan Stanley lifted their price target on Crown from $105.00 to $109.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Loop Capital increased their price target on shares of Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Mizuho set a $110.00 price objective on shares of Crown in a research note on Friday, October 18th. Finally, UBS Group cut their price objective on shares of Crown from $112.00 to $91.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.62.

Crown Stock Performance

NYSE CCK traded up $0.48 during trading hours on Friday, hitting $93.40. The company's stock had a trading volume of 750,539 shares, compared to its average volume of 1,191,240. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The company has a market cap of $11.17 billion, a P/E ratio of 115.31, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85. The company's 50 day simple moving average is $93.43 and its two-hundred day simple moving average is $86.20. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.18. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. Crown had a net margin of 0.83% and a return on equity of 24.57%. As a group, sell-side analysts expect that Crown Holdings, Inc. will post 6.34 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Crown's dividend payout ratio (DPR) is currently 123.46%.

Insider Buying and Selling

In other Crown news, Director James H. Miller sold 1,006 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the transaction, the director now owns 12,424 shares of the company's stock, valued at approximately $1,187,734.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crown news, Director James H. Miller sold 1,006 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $90.58, for a total value of $679,350.00. Following the completion of the sale, the chief executive officer now owns 578,678 shares of the company's stock, valued at $52,416,653.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,506 shares of company stock valued at $3,157,399 over the last 90 days. Company insiders own 0.90% of the company's stock.

About Crown

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.