Engineers Gate Manager LP trimmed its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,167 shares of the specialty chemicals company’s stock after selling 19,787 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Kronos Worldwide worth $1,169,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KRO. Teachers Advisors LLC boosted its position in Kronos Worldwide by 98.4% during the 4th quarter. Teachers Advisors LLC now owns 107,651 shares of the specialty chemicals company’s stock valued at $1,285,000 after acquiring an additional 53,380 shares in the last quarter. Bank of Montreal Can boosted its position in Kronos Worldwide by 33.8% during the 1st quarter. Bank of Montreal Can now owns 21,077 shares of the specialty chemicals company’s stock valued at $346,000 after acquiring an additional 5,326 shares in the last quarter. Nationwide Fund Advisors boosted its position in Kronos Worldwide by 10.0% during the 1st quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after acquiring an additional 1,326 shares in the last quarter. Wells Fargo & Company MN boosted its position in Kronos Worldwide by 347.2% during the 1st quarter. Wells Fargo & Company MN now owns 143,076 shares of the specialty chemicals company’s stock valued at $2,351,000 after acquiring an additional 111,079 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Kronos Worldwide by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,141,042 shares of the specialty chemicals company’s stock valued at $18,747,000 after acquiring an additional 31,669 shares in the last quarter. 15.42% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Engineers Gate Manager LP Cuts Holdings in Kronos Worldwide Inc (KRO)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/engineers-gate-manager-lp-cuts-holdings-in-kronos-worldwide-inc-kro/1561195.html.

Shares of Kronos Worldwide Inc (NYSE KRO) opened at 21.59 on Thursday. The stock has a 50 day moving average price of $20.20 and a 200-day moving average price of $18.09. The company has a market capitalization of $2.50 billion, a PE ratio of 8.98 and a beta of 2.11. Kronos Worldwide Inc has a 12 month low of $7.27 and a 12 month high of $22.30.

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, August 31st. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.90%.

KRO has been the topic of a number of analyst reports. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 28th. BidaskClub raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Barclays PLC boosted their price target on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $20.50.

In other news, insider Benjiman R. Corona sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Kronos Worldwide Profile

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.

Want to see what other hedge funds are holding KRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kronos Worldwide Inc (NYSE:KRO).

Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

Receive News & Ratings for Kronos Worldwide Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.