Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases Shares of 5,998 Crown Holdings, Inc. $CCK

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,998 shares of the industrial products company’s stock, valued at approximately $618,000.

Several other hedge funds also recently made changes to their positions in CCK. Harbor Capital Advisors Inc. raised its holdings in shares of Crown by 103.1% in the 3rd 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Crown by 105.0% during the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock worth $28,000 after buying an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Crown in the third quarter worth approximately $29,000. ORG Partners LLC grew its position in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCK. Wolfe Research set a $115.00 price objective on Crown in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered Crown from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $112.00 to $155.00 in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on Crown in a report on Wednesday. They set a “buy” rating and a $124.00 target price for the company. Wells Fargo & Company decreased their price target on Crown from $120.00 to $111.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Crown in a report on Monday, February 23rd. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $110.67, for a total value of $830,025.00. Following the completion of the sale, the chief executive officer directly owned 474,736 shares of the company’s stock, valued at $52,539,033.12. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was 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 of the company’s stock, valued at approximately $10,108,369.60. This represents a 25.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,758 shares of company stock valued at $8,078,508 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Crown Trading Up 0.1%

NYSE CCK opened at $102.84 on Friday. The firm’s 50 day moving average price is $107.64 and its two-hundred day moving average price is $101.66. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.66 and a current ratio of 1.03. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $116.62. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.37 and a beta of 0.75.

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

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, March 17th. This is a boost from Crown’s previous quarterly dividend of $0.26. Crown’s dividend payout ratio is 21.98%.

About Crown

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.