Franklin Resources Inc. Has $3.54 Million Position in Silgan Holdings Inc. $SLGN

Franklin Resources Inc. lessened its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 23.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,371 shares of the industrial products company’s stock after selling 20,306 shares during the quarter. Franklin Resources Inc.’s holdings in Silgan were worth $3,542,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in shares of Silgan by 18.4% in the 2nd quarter. QRG Capital Management Inc. now owns 37,752 shares of the industrial products company’s stock valued at $2,045,000 after purchasing an additional 5,864 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Silgan during the first quarter worth $1,258,000. Swiss National Bank raised its holdings in Silgan by 4.9% during the second quarter. Swiss National Bank now owns 173,700 shares of the industrial products company’s stock valued at $9,411,000 after buying an additional 8,100 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Silgan by 238.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 69,504 shares of the industrial products company’s stock worth $3,766,000 after buying an additional 48,967 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Silgan during the 1st quarter worth about $626,000. 70.25% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Adam J. Greenlee purchased 7,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $38.19 per share, with a total value of $267,330.00. Following the acquisition, the chief executive officer directly owned 328,164 shares in the company, valued at approximately $12,532,583.16. The trade was a 2.18% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Kimberly Irene Ulmer acquired 1,000 shares of Silgan stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $38.11 per share, with a total value of $38,110.00. Following the transaction, the chief accounting officer directly owned 105,321 shares in the company, valued at approximately $4,013,783.31. This trade represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is currently owned by company insiders.

Silgan Stock Performance

Shares of NYSE SLGN opened at $39.26 on Wednesday. Silgan Holdings Inc. has a 12 month low of $36.15 and a 12 month high of $57.61. The company has a market cap of $4.15 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.27 and a beta of 0.74. The business’s 50 day moving average is $40.97 and its two-hundred day moving average is $47.37. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a net margin of 4.91% and a return on equity of 19.47%. Silgan’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. On average, equities analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. Silgan’s dividend payout ratio is currently 27.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group assumed coverage on Silgan in a report on Monday, November 24th. They set a “neutral” rating and a $42.00 price objective on the stock. Raymond James Financial set a $53.00 target price on Silgan and gave the stock an “outperform” rating in a research report on Friday, October 17th. Zacks Research lowered shares of Silgan from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Wells Fargo & Company reduced their price objective on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Citigroup decreased their price objective on shares of Silgan from $60.00 to $49.00 and set a “buy” rating for the company in a report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.70.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.