Jensen Investment Management Inc. Decreases Position in Crown Holdings, Inc. (NYSE:CCK)

Jensen Investment Management Inc. lowered its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,318 shares of the industrial products company's stock after selling 11,600 shares during the period. Jensen Investment Management Inc. owned about 0.07% of Crown worth $7,386,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LBP AM SA increased its position in shares of Crown by 52.0% during the 4th quarter. LBP AM SA now owns 55,481 shares of the industrial products company's stock valued at $4,588,000 after purchasing an additional 18,992 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Crown during the fourth quarter valued at approximately $66,732,000. Skandinaviska Enskilda Banken AB publ raised its position in Crown by 100.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 59,562 shares of the industrial products company's stock worth $4,878,000 after acquiring an additional 29,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Crown during the 4th quarter worth $2,013,000. Finally, Farther Finance Advisors LLC grew its position in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Price Performance

Shares of CCK traded down $0.36 during midday trading on Thursday, hitting $90.15. 799,125 shares of the company traded hands, compared to its average volume of 1,127,099. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.56 and a beta of 0.88. The firm has a 50 day moving average of $87.31 and a 200-day moving average of $89.54. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46.

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Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. Crown's dividend payout ratio is presently 29.21%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $109.00 to $105.00 in a report on Monday, January 13th. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Barclays decreased their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Bank of America dropped their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Citigroup raised their price objective on shares of Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.00.

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.