Dimensional Fund Advisors LP Purchases 79,502 Shares of Crown Holdings, Inc. (NYSE:CCK)

Dimensional Fund Advisors LP increased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471,750 shares of the industrial products company’s stock after acquiring an additional 79,502 shares during the quarter. Dimensional Fund Advisors LP owned about 1.22% of Crown worth $109,504,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Crown by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,002,342 shares of the industrial products company’s stock valued at $951,306,000 after purchasing an additional 176,639 shares in the last quarter. William Blair Investment Management LLC increased its stake in Crown by 2.0% during the 1st quarter. William Blair Investment Management LLC now owns 2,826,399 shares of the industrial products company’s stock valued at $224,020,000 after purchasing an additional 56,604 shares in the last quarter. Clearbridge Investments LLC increased its stake in Crown by 28.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,566,163 shares of the industrial products company’s stock valued at $124,134,000 after purchasing an additional 351,545 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in Crown during the 1st quarter valued at approximately $119,167,000. Finally, Bank of New York Mellon Corp increased its stake in Crown by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,208,711 shares of the industrial products company’s stock valued at $89,916,000 after purchasing an additional 46,871 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Insider Activity

In other news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares in the company, valued at $50,480,440.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Timothy J. Donahue sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the sale, the chief executive officer now directly owns 593,678 shares in the company, valued at $50,480,440.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $90.58, for a total transaction of $679,350.00. Following the sale, the chief executive officer now owns 578,678 shares of the company’s stock, valued at $52,416,653.24. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock worth $2,598,675 over the last three months. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CCK shares. Wells Fargo & Company upped their price target on shares of Crown from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. StockNews.com downgraded shares of Crown from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Barclays upped their price objective on shares of Crown from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. UBS Group dropped their price objective on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Loop Capital upped their price objective on shares of Crown from $106.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.14.

Crown Stock Performance

NYSE:CCK opened at $95.52 on Tuesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.73 and a current ratio of 1.05. The company has a fifty day moving average of $87.82 and a two-hundred day moving average of $82.30. The stock has a market capitalization of $11.53 billion, a PE ratio of 27.53, a P/E/G ratio of 2.13 and a beta of 0.85. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $95.72.

Crown (NYSE:CCK) last posted its quarterly earnings data on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.22. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a net margin of 3.68% and a return on equity of 23.96%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.15 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 15th. Crown’s dividend payout ratio (DPR) is 28.82%.

Crown 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.