Brown Brothers Harriman & Co. Has $21.51 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Brown Brothers Harriman & Co. decreased its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 260,145 shares of the industrial products company’s stock after selling 20,241 shares during the quarter. Brown Brothers Harriman & Co. owned about 0.22% of Crown worth $21,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 256 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Crown in the 3rd quarter valued at about $44,000. GAMMA Investing LLC increased its position in Crown by 84.2% in the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after buying an additional 261 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after buying an additional 117 shares during the period. Finally, True Wealth Design LLC boosted its holdings in Crown by 6,850.0% in the third quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 685 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Stock Down 1.8 %

CCK stock opened at $88.19 on Friday. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The stock has a market cap of $10.31 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.56 and a beta of 0.88. The stock’s fifty day simple moving average is $88.32 and its two-hundred day simple moving average is $89.45. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, March 18th. This is a boost from Crown’s previous quarterly dividend of $0.25. Crown’s payout ratio is 29.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCK. Bank of America cut their target price on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Citigroup raised their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Mizuho decreased their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company raised their price target on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Truist Financial boosted their price objective on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Crown has an average rating of “Moderate Buy” and an average target price of $106.00.

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.