Kronos Worldwide Inc (KRO) Lowered to Buy at ValuEngine
ValuEngine cut shares of Kronos Worldwide Inc (NYSE:KRO) from a strong-buy rating to a buy rating in a report issued on Monday morning.
Other equities analysts also recently issued research reports about the company. Barclays PLC raised 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. BidaskClub downgraded Kronos Worldwide from a buy rating to a hold rating in a research report on Saturday, June 17th. Finally, Zacks Investment Research downgraded Kronos Worldwide from a strong-buy rating to a hold rating in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $20.50.
Kronos Worldwide (KRO) opened at 23.91 on Monday. The stock’s 50 day moving average price is $21.06 and its 200 day moving average price is $18.91. Kronos Worldwide has a 12-month low of $7.27 and a 12-month high of $23.99. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 9.94 and a beta of 2.17.
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The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.51%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.90%.
In related news, insider Benjiman R. Corona sold 2,000 shares of the company’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 owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.08% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in KRO. Campbell & CO Investment Adviser LLC raised its holdings in Kronos Worldwide by 4.0% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 15,173 shares of the specialty chemicals company’s stock valued at $276,000 after acquiring an additional 584 shares during the last quarter. American International Group Inc. lifted its stake in shares of Kronos Worldwide by 7.1% during the 1st quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 894 shares during the period. Kempen Capital Management N.V. lifted its stake in shares of Kronos Worldwide by 1.1% during the 2nd quarter. Kempen Capital Management N.V. now owns 88,441 shares of the specialty chemicals company’s stock worth $1,611,000 after purchasing an additional 1,000 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Kronos Worldwide by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after purchasing an additional 1,061 shares during the period. Finally, Nationwide Fund Advisors lifted its stake in shares of Kronos Worldwide by 10.0% during the 1st quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock worth $239,000 after purchasing an additional 1,326 shares during the period. 15.42% of the stock is owned by hedge funds and other institutional investors.
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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