Rockefeller Capital Management L.P. Has $13.21 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Rockefeller Capital Management L.P. trimmed its position in Crown Holdings, Inc. (NYSE:CCK) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,733 shares of the industrial products company’s stock after selling 18,759 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Crown were worth $13,206,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of Crown by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC raised its stake in Crown by 110.9% during the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Crown by 36.1% in the second quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Crown by 2.0% in the third 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 last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Crown by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 209 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown

In related news, Director James H. Miller sold 1,006 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the completion of the sale, the director now directly owns 12,424 shares of the company’s stock, valued at $1,187,734.40. The trade was a 7.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the transaction, the chief executive officer now owns 563,678 shares in the company, valued at approximately $54,524,572.94. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,506 shares of company stock worth $3,157,399 in the last quarter. Company insiders own 0.90% of the company’s stock.

Crown Stock Performance

Shares of CCK opened at $92.41 on Tuesday. The firm’s fifty day simple moving average is $93.47 and its two-hundred day simple moving average is $87.19. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. 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 stock has a market capitalization of $11.06 billion, a P/E ratio of 114.09, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85.

Crown (NYSE:CCK) last released its earnings results on Thursday, October 17th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.81 by $0.18. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. As a group, analysts predict that Crown Holdings, Inc. will post 6.34 EPS for the current year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. Crown’s dividend payout ratio is currently 123.46%.

Analysts Set New Price Targets

Several brokerages recently commented on CCK. Loop Capital increased their price objective on shares of Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, October 21st. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Saturday, October 26th. Truist Financial upped their target price on Crown from $95.00 to $103.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Mizuho set a $110.00 price target on Crown in a research note on Friday, October 18th. Finally, Royal Bank of Canada upped their price objective on Crown from $105.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.62.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.