Sumitomo Mitsui Trust Holdings Inc. Has $35.07 Million Holdings in Crown Holdings, Inc. (NYSE:CCK)

Sumitomo Mitsui Trust Holdings Inc. raised its position in Crown Holdings, Inc. (NYSE:CCK) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 530,814 shares of the industrial products company’s stock after buying an additional 47,646 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.39% of Crown worth $35,066,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Sawgrass Asset Management LLC boosted its position in Crown by 2.8% in the third quarter. Sawgrass Asset Management LLC now owns 7,255 shares of the industrial products company’s stock valued at $479,000 after buying an additional 195 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Crown by 211.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 958 shares of the industrial products company’s stock valued at $63,000 after buying an additional 650 shares in the last quarter. Columbus Circle Investors boosted its position in Crown by 207.6% in the third quarter. Columbus Circle Investors now owns 510,251 shares of the industrial products company’s stock valued at $33,707,000 after buying an additional 344,388 shares in the last quarter. Trust Co. of Vermont boosted its position in Crown by 11.4% in the third quarter. Trust Co. of Vermont now owns 42,894 shares of the industrial products company’s stock valued at $2,833,000 after buying an additional 4,381 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Crown by 71.8% in the third quarter. Flagship Harbor Advisors LLC now owns 1,117 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

In related news, insider Hock Huat Goh sold 3,125 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $69.79, for a total transaction of $218,093.75. Following the completion of the sale, the insider now directly owns 45,548 shares of the company’s stock, valued at $3,178,794.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gerard H. Gifford sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $74.41, for a total transaction of $744,100.00. Following the sale, the chief operating officer now directly owns 152,292 shares of the company’s stock, valued at $11,332,047.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,250 shares of company stock valued at $1,873,144. 1.90% of the stock is currently owned by insiders.

CCK opened at $75.00 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.12 and a quick ratio of 0.64. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.55. The firm has a 50 day simple moving average of $67.53 and a 200 day simple moving average of $63.14. Crown Holdings, Inc. has a fifty-two week low of $39.05 and a fifty-two week high of $78.29.

Crown (NYSE:CCK) last posted its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.01). The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.19 billion. Crown had a return on equity of 41.91% and a net margin of 4.10%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. As a group, analysts expect that Crown Holdings, Inc. will post 5.02 EPS for the current year.

A number of equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Crown from $56.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Citigroup set a $79.00 target price on shares of Crown and gave the stock a “buy” rating in a research note on Friday, October 18th. Deutsche Bank boosted their target price on shares of Crown from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Crown from a “sell” rating to a “hold” rating and set a $67.00 target price for the company in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Crown from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $74.09.

About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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