Sumitomo Mitsui DS Asset Management Company Ltd Sells 13,427 Shares of Crown Holdings, Inc. $CCK

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 39.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,447 shares of the industrial products company’s stock after selling 13,427 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Crown were worth $2,105,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Crown by 105.0% during the third quarter. Smartleaf Asset Management LLC now owns 289 shares of the industrial products company’s stock valued at $28,000 after buying an additional 148 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Crown during the third quarter valued at approximately $29,000. ORG Partners LLC increased its stake in shares of Crown by 52.5% during the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Crown by 45.3% during 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 during the period. Finally, Quent Capital LLC purchased a new position in shares of Crown during the third quarter valued at approximately $34,000. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Price Performance

Shares of CCK stock opened at $101.27 on Friday. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.67 and a beta of 0.65. The business’s fifty day moving average is $104.44 and its 200 day moving average is $103.13. Crown Holdings, Inc. has a twelve month low of $89.21 and a twelve month high of $116.62. The company has a quick ratio of 0.70, a current ratio of 1.12 and a debt-to-equity ratio of 1.67.

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

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 14th. Crown’s dividend payout ratio is presently 22.29%.

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the sale, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at $48,196,829.50. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Djalma Novaes, Jr. sold 29,734 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $114.80, for a total value of $3,413,463.20. Following the completion of the sale, the chief operating officer directly owned 88,052 shares in the company, valued at approximately $10,108,369.60. The trade was a 25.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 52,234 shares of company stock worth $5,832,363. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CCK has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Crown in a research note on Friday, February 6th. Wolfe Research set a $115.00 target price on Crown in a research note on Friday, February 6th. Truist Financial reduced their target price on Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Citigroup boosted their target price on Crown from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company reduced their target price on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.93.

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.