Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,746 shares of the industrial products company's stock after selling 13,917 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.20% of Crown worth $17,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Crown by 172.6% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock worth $48,000 after acquiring an additional 385 shares during the last quarter. Swedbank AB lifted its stake in shares of Crown by 1.7% during the 2nd quarter. Swedbank AB now owns 143,502 shares of the industrial products company's stock valued at $10,675,000 after buying an additional 2,371 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Crown by 15.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,156 shares of the industrial products company's stock valued at $532,000 after buying an additional 931 shares in the last quarter. MJP Associates Inc. ADV lifted its stake in shares of Crown by 14.7% during the 2nd quarter. MJP Associates Inc. ADV now owns 12,566 shares of the industrial products company's stock valued at $935,000 after buying an additional 1,615 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Crown by 1.0% during the 2nd quarter. Gulf International Bank UK Ltd now owns 25,870 shares of the industrial products company's stock valued at $1,924,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the transaction, the chief executive officer now directly owns 586,178 shares of the company's stock, valued at approximately $50,323,381.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Crown news, CEO Timothy J. Donahue sold 15,000 shares of the business's stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares of the company's stock, valued at approximately $50,480,440.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Donahue sold 7,500 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $85.85, for a total transaction of $643,875.00. Following the completion of the sale, the chief executive officer now directly owns 586,178 shares of the company's stock, valued at $50,323,381.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,500 shares of company stock valued at $2,665,695. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCK. Truist Financial lifted their target price on shares of Crown from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Loop Capital lifted their target price on shares of Crown from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of Crown from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. Bank of America lifted their price target on shares of Crown from $98.00 to $102.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Crown from $89.00 to $92.00 and gave the company an "equal weight" rating in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $100.21.

Crown Price Performance

Shares of Crown stock traded up $1.50 during trading hours on Wednesday, reaching $89.31. The company's stock had a trading volume of 646,792 shares, compared to its average volume of 1,141,602. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $94.49. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. The firm has a 50 day moving average price of $80.47 and a 200-day moving average price of $79.71. The stock has a market cap of $10.78 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.09 and a beta of 0.85.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.22. Crown had a net margin of 3.68% and a return on equity of 23.96%. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $3.06 billion. During the same period in the previous year, the company earned $1.68 EPS. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts predict that Crown Holdings, Inc. will post 6.15 EPS for the current year.

Crown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. Crown's dividend payout ratio is presently 28.82%.

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.