Adams Diversified Equity Fund Inc. Sells 29,300 Shares of Crown Holdings, Inc. $CCK

Adams Diversified Equity Fund Inc. reduced its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 20.3% in the first quarter, HoldingsChannel.com reports. The fund owned 115,100 shares of the industrial products company’s stock after selling 29,300 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Crown were worth $11,539,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its stake in shares of Crown by 2.1% in the 3rd quarter. State Street Corp now owns 4,514,736 shares of the industrial products company’s stock valued at $436,078,000 after purchasing an additional 93,045 shares during the period. AQR Capital Management LLC increased its stake in shares of Crown by 19.3% in the 4th quarter. AQR Capital Management LLC now owns 4,137,962 shares of the industrial products company’s stock valued at $426,086,000 after acquiring an additional 670,412 shares in the last quarter. Invesco Ltd. lifted its position in shares of Crown by 33.6% during the 4th quarter. Invesco Ltd. now owns 3,526,983 shares of the industrial products company’s stock valued at $363,173,000 after acquiring an additional 886,471 shares during the period. Franklin Resources Inc. lifted its position in shares of Crown by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 2,979,842 shares of the industrial products company’s stock valued at $287,823,000 after acquiring an additional 149,700 shares during the period. Finally, Swedbank AB boosted its stake in Crown by 1.9% during the fourth quarter. Swedbank AB now owns 2,541,183 shares of the industrial products company’s stock worth $261,666,000 after acquiring an additional 47,613 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Crown Trading Up 0.7%

CCK opened at $110.81 on Friday. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $116.62. The firm has a market capitalization of $12.38 billion, a PE ratio of 17.64, a P/E/G ratio of 1.82 and a beta of 0.63. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. The company’s 50-day moving average is $99.79 and its 200 day moving average is $103.48.

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, beating analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $3.26 billion during 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 quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts predict that Crown Holdings, Inc. will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

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 of this dividend was Thursday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Crown’s payout ratio is presently 22.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CCK shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a research note on Friday, March 27th. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price for the company in a research note on Monday, May 18th. Royal Bank Of Canada decreased their target price on Crown from $140.00 to $129.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Crown in a research note on Wednesday, April 1st. They set a “buy” rating and a $124.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the chief executive officer owned 436,070 shares in the company, valued at approximately $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,000 shares of company stock worth $3,163,875 in the last ninety days. Corporate 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.