TD Private Client Wealth LLC Boosts Stock Position in Crown Holdings, Inc. (NYSE:CCK)

TD Private Client Wealth LLC increased its position in Crown Holdings, Inc. (NYSE:CCK) by 4.6% in the 4th quarter, HoldingsChannel reports. The fund owned 2,864 shares of the industrial products company’s stock after buying an additional 125 shares during the quarter. TD Private Client Wealth LLC’s holdings in Crown were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCK. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 117 shares during the period. Spire Wealth Management lifted its stake in shares of Crown by 16.2% during the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock valued at $82,000 after buying an additional 138 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its holdings in Crown by 0.3% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 155 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Crown by 0.4% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 165 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Crown by 3.8% during the third quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 185 shares during the period. Institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCK. Truist Financial increased their target price on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. UBS Group cut their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Citigroup boosted their target price on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada raised their target price on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.00.

Crown Stock Up 0.9 %

Shares of NYSE CCK opened at $88.49 on Tuesday. 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 Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The firm’s 50-day moving average price is $88.02 and its 200-day moving average price is $89.50. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.18%. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. Crown’s payout ratio is presently 29.21%.

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.