Bank of New York Mellon Corp Sells 209,544 Shares of Crown Holdings, Inc. $CCK

Bank of New York Mellon Corp decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,325,286 shares of the industrial products company’s stock after selling 209,544 shares during the quarter. Bank of New York Mellon Corp’s holdings in Crown were worth $136,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OLD National Bancorp IN raised its position in Crown by 507.7% during the 4th quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock valued at $9,221,000 after purchasing an additional 74,814 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Crown by 235.5% in the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 25,500 shares of the industrial products company’s stock worth $2,463,000 after acquiring an additional 17,900 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Crown by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 1,666,360 shares of the industrial products company’s stock worth $171,668,000 after acquiring an additional 36,540 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Crown by 226.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,474,038 shares of the industrial products company’s stock worth $142,377,000 after acquiring an additional 1,022,789 shares in the last quarter. Finally, Candriam S.C.A. raised its position in shares of Crown by 84.0% in the 3rd quarter. Candriam S.C.A. now owns 317,563 shares of the industrial products company’s stock worth $30,673,000 after acquiring an additional 144,935 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Shares of CCK opened at $93.33 on Friday. The business’s fifty day simple moving average is $100.37 and its two-hundred day simple moving average is $102.96. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67. Crown Holdings, Inc. has a 12 month low of $89.21 and a 12 month high of $116.62. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.54 and a beta of 0.63.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.03 billion. Crown had a return on equity of 26.62% and a net margin of 5.65%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. Crown has set its FY 2026 guidance at 7.900-8.300 EPS and its Q2 2026 guidance at 2.100-2.200 EPS. Research analysts anticipate that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.5%. Crown’s payout ratio is 22.29%.

Wall Street Analyst Weigh In

CCK has been the subject of several research reports. JPMorgan Chase & Co. raised Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price for the company in a research report on Monday, May 18th. Wells Fargo & Company reduced their price objective on Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Crown in a research report on Wednesday, April 1st. They set a “buy” rating and a $124.00 price objective for the company. Finally, Bank of America cut their target price on Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Twelve 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 has an average rating of “Moderate Buy” and a consensus target price of $120.00.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the transaction, the chief executive officer directly owned 451,070 shares in the company, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

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.