Reynders McVeigh Capital Management LLC Has $25.38 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Reynders McVeigh Capital Management LLC raised its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 306,949 shares of the industrial products company's stock after buying an additional 6,204 shares during the quarter. Reynders McVeigh Capital Management LLC owned 0.26% of Crown worth $25,382,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Crown by 1.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock worth $477,923,000 after acquiring an additional 102,789 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Crown by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock valued at $245,408,000 after buying an additional 283,014 shares in the last quarter. Metropolis Capital Ltd increased its holdings in Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock worth $203,116,000 after buying an additional 1,000,605 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Crown by 4.2% during the third quarter. Geode Capital Management LLC now owns 2,061,869 shares of the industrial products company's stock valued at $197,242,000 after acquiring an additional 82,764 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCK. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Bank of America cut their price objective on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Finally, Citigroup upped their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two 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, Crown presently has an average rating of "Moderate Buy" and a consensus price target of $106.00.

Crown Stock Performance

CCK traded up $0.93 during trading on Friday, reaching $85.12. 972,730 shares of the company's stock were exchanged, compared to its average volume of 1,196,474. The company has a market capitalization of $9.96 billion, a P/E ratio of 23.91, a PEG ratio of 1.56 and a beta of 0.79. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average price of $87.38 and a 200 day moving average price of $88.52. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.26 per share. This is a positive change from Crown's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Crown's dividend payout ratio is currently 29.21%.

Crown Company 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.