Perpetual Ltd Raises Holdings in Crown Holdings, Inc. (NYSE:CCK)

22 Jan 2025, 10:20 by Mitch Edgeman · The Markets Daily

Perpetual Ltd lifted its stake in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 109,395 shares of the industrial products company’s stock after acquiring an additional 12,996 shares during the period. Perpetual Ltd’s holdings in Crown were worth $9,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CCK. Marshall & Sullivan Inc. WA raised its holdings in shares of Crown by 0.3% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 155 shares during the last quarter. GAMMA Investing LLC raised its stake in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Crown by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $894,000 after acquiring an additional 183 shares during the period. M&T Bank Corp grew its stake in Crown by 3.8% during the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 185 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Crown by 6.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,539 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 223 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CCK shares. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Saturday. Loop Capital upped their price objective on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America reduced their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Mizuho lowered their price target on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on Crown from $88.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.46.

Read Our Latest Stock Report on Crown

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now directly owns 563,678 shares of the company’s stock, valued at approximately $54,524,572.94. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Crown Stock Up 1.5 %

Shares of CCK opened at $86.85 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 2.19. The firm has a market cap of $10.39 billion, a P/E ratio of 107.22, a PEG ratio of 1.65 and a beta of 0.86. The stock’s 50 day moving average is $86.58 and its two-hundred day moving average is $88.27. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, November 14th. Crown’s payout ratio is presently 123.46%.

About Crown

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