BidaskClub lowered shares of Kronos Worldwide Inc (NYSE:KRO) from a strong-buy rating to a buy rating in a research note released on Wednesday, August 9th.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Kronos Worldwide from a hold rating to a strong-buy rating and set a $24.00 price target on the stock in a research note on Friday, July 28th. ValuEngine raised Kronos Worldwide from a hold rating to a buy rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $20.50.
Shares of Kronos Worldwide (NYSE:KRO) traded up 0.75% during trading on Wednesday, hitting $18.90. The stock had a trading volume of 296,696 shares. The firm’s 50-day moving average is $19.82 and its 200 day moving average is $17.25. Kronos Worldwide has a 52-week low of $7.27 and a 52-week high of $21.89. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 7.86 and a beta of 2.10.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.17%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.90%.
In other Kronos Worldwide news, insider Benjiman R. Corona sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total value of $36,700.00. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at approximately $9,175. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of KRO. Campbell & CO Investment Adviser LLC increased its stake in shares of Kronos Worldwide by 4.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 15,173 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 584 shares during the period. American International Group Inc. increased its position in Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 894 shares in the last quarter. Kempen Capital Management N.V. increased its position in Kronos Worldwide by 1.1% in the second quarter. Kempen Capital Management N.V. now owns 88,441 shares of the specialty chemicals company’s stock worth $1,611,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Kronos Worldwide by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after buying an additional 1,061 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 1,284 shares in the last quarter. Institutional investors and hedge funds own 13.93% of the company’s stock.
About Kronos Worldwide
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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