Nordea Investment Management AB Buys 36,540 Shares of Crown Holdings, Inc. $CCK

Nordea Investment Management AB boosted its stake in Crown Holdings, Inc. (NYSE:CCK) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,666,360 shares of the industrial products company’s stock after acquiring an additional 36,540 shares during the period. Nordea Investment Management AB’s holdings in Crown were worth $171,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CCK. Geneos Wealth Management Inc. boosted its stake in shares of Crown by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after buying an additional 111 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in Crown by 7.7% in the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 116 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 134 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Crown by 105.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. Finally, Evergreen Capital Management LLC grew its stake in shares of Crown by 5.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,345 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 164 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Trading Down 2.6%

Shares of Crown stock opened at $98.40 on Monday. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $116.62. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. The company has a market capitalization of $11.14 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.15 and a beta of 0.70. The company has a fifty day moving average of $108.09 and a 200 day moving average of $101.24.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. Crown had a return on equity of 26.68% and a net margin of 5.97%.The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the firm earned $1.59 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q1 2026 guidance at 1.700-1.800 EPS. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.35 per share. This is a boost from Crown’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.40 annualized dividend and a yield of 1.4%. Crown’s dividend payout ratio is 21.98%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group set a $126.00 price objective on shares of Crown and gave the stock a “neutral” rating in a research note on Monday, February 9th. Jefferies Financial Group restated a “buy” rating on shares of Crown in a research report on Monday, February 23rd. Wolfe Research set a $115.00 price target on shares of Crown in a research report on Friday, February 6th. JPMorgan Chase & Co. cut shares of Crown from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $112.00 to $155.00 in a research note on Friday, February 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Crown in a research report on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.21.

Insider Buying and Selling

In other news, COO Djalma Novaes, Jr. sold 29,734 shares of Crown stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $114.80, for a total transaction of $3,413,463.20. Following the sale, the chief operating officer owned 88,052 shares in the company, valued at $10,108,369.60. This trade represents a 25.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $105.00, for a total transaction of $3,047,520.00. Following the completion of the transaction, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. This trade represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 73,758 shares of company stock worth $8,078,508. 0.90% of the stock is owned by insiders.

Crown Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.