Trust Co. of Vermont Trims Holdings in Crown Holdings, Inc. (NYSE:CCK)

Trust Co. of Vermont lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,162 shares of the industrial products company’s stock after selling 409 shares during the period. Trust Co. of Vermont’s holdings in Crown were worth $2,081,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CCK. Tidal Investments LLC boosted its position in shares of Crown by 121.3% during the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 12,058 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Crown by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after acquiring an additional 10,295 shares during the period. Sei Investments Co. grew its position in Crown by 139.2% in the 2nd quarter. Sei Investments Co. now owns 122,380 shares of the industrial products company’s stock valued at $9,104,000 after acquiring an additional 71,227 shares in the last quarter. Jensen Investment Management Inc. increased its stake in Crown by 7.8% during the third quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock worth $9,676,000 after purchasing an additional 7,280 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Crown by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after purchasing an additional 176,959 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. This represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total transaction of $958,900.00. Following the transaction, the chief operating officer now directly owns 114,402 shares in the company, valued at $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Crown Stock Up 0.4 %

Shares of NYSE:CCK opened at $85.59 on Friday. The firm has a 50 day simple moving average of $86.75 and a 200-day simple moving average of $88.07. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve 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 company has a market capitalization of $10.24 billion, a PE ratio of 105.66, a P/E/G ratio of 1.51 and a beta of 0.86.

Crown (NYSE:CCK) last released its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.18. Crown had a net margin of 0.83% and a return on equity of 24.57%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.07 billion. On average, equities analysts predict that Crown Holdings, Inc. will post 6.35 EPS for the current fiscal 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 paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Crown’s dividend payout ratio is presently 123.46%.

Analyst Ratings Changes

CCK has been the topic of several recent research reports. Loop Capital upped their target price on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial boosted their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Bank of America reduced their price target on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Citigroup boosted their price objective on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average target price of $105.46.

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.