Fifth Third Bancorp Acquires 50,947 Shares of Crown Holdings, Inc. $CCK

Fifth Third Bancorp boosted its stake in Crown Holdings, Inc. (NYSE:CCK) by 6,015.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 51,794 shares of the industrial products company’s stock after acquiring an additional 50,947 shares during the period. Fifth Third Bancorp’s holdings in Crown were worth $5,192,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Markel Group Inc. lifted its holdings in Crown by 3.8% in the first quarter. Markel Group Inc. now owns 220,000 shares of the industrial products company’s stock valued at $22,055,000 after buying an additional 8,000 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Crown by 19.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,564 shares of the industrial products company’s stock valued at $859,000 after purchasing an additional 1,412 shares in the last quarter. Carmel Capital Partners LLC grew its stake in Crown by 2.6% during the first quarter. Carmel Capital Partners LLC now owns 20,492 shares of the industrial products company’s stock worth $2,054,000 after purchasing an additional 510 shares during the period. Hsbc Holdings PLC increased its holdings in Crown by 31.3% in the first quarter. Hsbc Holdings PLC now owns 218,541 shares of the industrial products company’s stock worth $21,707,000 after purchasing an additional 52,056 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Crown by 3.1% in the first quarter. Kestra Advisory Services LLC now owns 6,647 shares of the industrial products company’s stock valued at $666,000 after buying an additional 201 shares during the period. 90.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 436,070 shares of the company’s stock, valued at $45,787,350. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 price objective on the stock in a research report on Monday, May 18th. Truist Financial lowered their price target on shares of Crown from $135.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. DA Davidson decreased their price target on Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Crown from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, Wall Street Zen raised Crown from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

Crown Stock Up 0.3%

Shares of NYSE:CCK opened at $117.36 on Friday. The stock’s 50-day moving average is $102.90 and its 200 day moving average is $104.72. The company has a market cap of $13.11 billion, a PE ratio of 18.69, a P/E/G ratio of 1.95 and a beta of 0.60. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 0.70. Crown Holdings, Inc. has a 1 year low of $89.21 and a 1 year high of $118.50.

Crown (NYSE:CCK) last released its earnings results on Monday, April 27th. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $3.26 billion during 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% compared to the same quarter last year. During the same quarter 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. Sell-side analysts anticipate that Crown Holdings, Inc. will post 8.06 EPS for the current year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown’s dividend payout ratio (DPR) is presently 22.29%.

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.