Handelsbanken Fonder AB Has $31.45 Million Position in Crown Holdings, Inc. $CCK

Handelsbanken Fonder AB grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,253 shares of the industrial products company’s stock after purchasing an additional 18,280 shares during the period. Handelsbanken Fonder AB’s holdings in Crown were worth $31,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CCK. Root Financial Partners LLC raised its position in Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after buying an additional 91 shares during the period. Parallel Advisors LLC boosted its position in Crown by 12.5% during the 4th quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 104 shares during the period. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in Crown by 7.7% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 116 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Crown by 2.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,838 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Stock Down 0.3%

CCK opened at $120.00 on Wednesday. The company has a market capitalization of $13.05 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.05 and a quick ratio of 0.65. Crown Holdings, Inc. has a fifty-two week low of $89.21 and a fifty-two week high of $122.91. The business has a 50-day moving average of $110.25 and a 200-day moving average of $106.55.

Crown (NYSE:CCK) last announced its quarterly earnings results on Monday, July 20th. The industrial products company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $2.15 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. Equities research analysts forecast that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 6th. Crown’s payout ratio is currently 20.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CCK shares. Wells Fargo & Company increased their price target on shares of Crown from $117.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lowered shares of Crown from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $107.00 to $121.00 in a research note on Wednesday, July 22nd. Bank of America increased their target price on shares of Crown from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group lifted their target price on shares of Crown from $115.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, DA Davidson lowered their price target on shares of Crown from $115.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average price target of $128.20.

Insider Activity at Crown

In other news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total transaction of $1,575,000.00. Following the transaction, the chief executive officer owned 436,070 shares in the company, valued at approximately $45,787,350. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company insiders.

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.