New York State Common Retirement Fund boosted its position in Kronos Worldwide Inc (NYSE:KRO) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,800 shares of the specialty chemicals company’s stock after acquiring an additional 4,699 shares during the quarter. New York State Common Retirement Fund’s holdings in Kronos Worldwide were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of KRO. Bank of New York Mellon Corp lifted its stake in shares of Kronos Worldwide by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,150,834 shares of the specialty chemicals company’s stock worth $20,969,000 after purchasing an additional 9,792 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Kronos Worldwide by 14.0% during the second quarter. Teachers Advisors LLC now owns 112,998 shares of the specialty chemicals company’s stock worth $2,059,000 after purchasing an additional 13,877 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Kronos Worldwide by 7.4% during the second quarter. TIAA CREF Investment Management LLC now owns 127,885 shares of the specialty chemicals company’s stock worth $2,330,000 after purchasing an additional 8,849 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Kronos Worldwide by 13.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,948 shares of the specialty chemicals company’s stock worth $1,803,000 after purchasing an additional 11,413 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Kronos Worldwide by 14.2% during the second quarter. Wells Fargo & Company MN now owns 163,329 shares of the specialty chemicals company’s stock worth $2,976,000 after purchasing an additional 20,253 shares in the last quarter. Hedge funds and other institutional investors own 15.71% of the company’s stock.

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A number of research analysts have commented on the company. Barclays PLC boosted their price objective on Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday. SunTrust Banks, Inc. boosted their price target on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.00.

Kronos Worldwide Inc (NYSE KRO) opened at $26.69 on Wednesday. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66. Kronos Worldwide Inc has a one year low of $11.12 and a one year high of $27.92. The company has a market capitalization of $3,107.33, a PE ratio of 18.36, a P/E/G ratio of 3.55 and a beta of 2.16.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.21. The firm had revenue of $464.50 million during the quarter, compared to analyst estimates of $448.00 million. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. Kronos Worldwide’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. analysts forecast that Kronos Worldwide Inc will post 1.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, December 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, December 5th. Kronos Worldwide’s dividend payout ratio is currently 20.98%.

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.

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

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