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

Rockefeller Capital Management L.P. lessened its stake in Crown Holdings, Inc. (NYSE:CCK) by 12.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,733 shares of the industrial products company’s stock after selling 18,759 shares during the quarter. Rockefeller Capital Management L.P. owned 0.12% of Crown worth $13,206,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 163 shares during the period. Covestor Ltd lifted its holdings in shares of Crown by 156.5% in the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 277 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Crown during the third quarter worth about $44,000. Blue Trust Inc. grew its holdings in shares of Crown by 172.6% during the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company’s stock worth $48,000 after buying an additional 385 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Crown in the 3rd quarter valued at approximately $48,000. Institutional investors own 90.93% of the company’s stock.

Crown Price Performance

NYSE:CCK opened at $92.41 on Tuesday. The company has a market cap of $11.06 billion, a P/E ratio of 114.09, a P/E/G ratio of 2.04 and a beta of 0.85. The firm’s fifty day moving average price is $93.47 and its two-hundred day moving average price is $87.19. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84.

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

Crown Dividend Announcement

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

Insider Activity at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of Crown stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $90.58, for a total value of $679,350.00. Following the completion of the sale, the chief executive officer now owns 578,678 shares in the company, valued at $52,416,653.24. The trade was a 1.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Miller sold 1,006 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the transaction, the director now owns 12,424 shares in the company, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,506 shares of company stock worth $3,157,399 in the last ninety days. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Robert W. Baird upped their price target on Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays raised their target price on shares of Crown from $100.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price target on shares of Crown from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Citigroup raised their price objective on Crown from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Loop Capital upped their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Three 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.62.

About Crown

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.