Crown (NYSE:CCK) Price Target Raised to $117.00 at Wells Fargo & Company

Crown (NYSE:CCK) had its price objective lifted by Wells Fargo & Company from $109.00 to $117.00 in a research report report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

CCK has been the subject of several other reports. Truist Financial decreased their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Citigroup lifted their price objective on shares of Crown from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. DA Davidson reduced their price objective on shares of Crown from $115.00 to $107.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. UBS Group decreased their target price on shares of Crown from $120.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Bank of America raised their target price on shares of Crown from $129.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.64.

Crown Trading Up 1.9%

Shares of NYSE:CCK opened at $111.59 on Wednesday. The company has a market capitalization of $12.47 billion, a PE ratio of 17.77, a P/E/G ratio of 1.81 and a beta of 0.60. 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 has a 12-month low of $89.21 and a 12-month high of $116.62. The business’s fifty day simple moving average is $102.25 and its 200-day simple moving average is $104.53.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 27th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Crown had a return on equity of 26.62% and a net margin of 5.65%.The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the business posted $1.67 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. 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, equities research analysts predict that Crown will post 8.05 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Crown’s dividend payout ratio is 22.29%.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the completion of the transaction, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD National Bancorp IN boosted its holdings in shares of Crown by 507.7% in the fourth quarter. OLD National Bancorp IN now owns 89,549 shares of the industrial products company’s stock valued at $9,221,000 after acquiring an additional 74,814 shares during the period. Nordea Investment Management AB increased its holdings 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 valued at $171,668,000 after acquiring an additional 36,540 shares during the period. Compagnie Lombard Odier SCmA raised its position in Crown by 79.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 12,672 shares of the industrial products company’s stock valued at $1,305,000 after purchasing an additional 5,600 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Crown in the fourth quarter valued at about $3,855,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Crown during the first quarter worth about $3,258,000. Hedge funds and other institutional investors own 90.93% 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.