Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,194 shares of the industrial products company's stock after selling 7,539 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.11% of Crown worth $10,766,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina increased its stake in Crown by 0.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 52,813 shares of the industrial products company's stock valued at $4,367,000 after purchasing an additional 230 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Crown by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company's stock worth $2,816,000 after buying an additional 138 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Crown during the 4th quarter valued at about $8,466,000. APG Asset Management N.V. raised its position in Crown by 251.0% during the fourth quarter. APG Asset Management N.V. now owns 90,075 shares of the industrial products company's stock worth $7,193,000 after acquiring an additional 64,413 shares during the last quarter. Finally, Greenland Capital Management LP purchased a new stake in shares of Crown in the fourth quarter valued at about $426,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCK shares. Barclays cut their price objective on Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Truist Financial increased their price objective on Crown from $103.00 to $104.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their target price on shares of Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Bank of America decreased their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Citigroup raised their target price on shares of Crown from $110.00 to $111.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.00.

Crown Trading Down 0.7 %

Shares of Crown stock traded down $0.61 during trading hours on Monday, reaching $84.53. The stock had a trading volume of 49,656 shares, compared to its average volume of 1,194,850. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 1.56 and a beta of 0.79. The firm has a 50 day simple moving average of $87.29 and a two-hundred day simple moving average of $88.37.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data 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, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a $0.26 dividend. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. This represents a $1.04 annualized dividend and a dividend yield of 1.23%. Crown's dividend payout ratio is presently 29.21%.

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.