Nationwide Fund Advisors lessened its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,933 shares of the specialty chemicals company’s stock after selling 1,640 shares during the quarter. Nationwide Fund Advisors’ holdings in Kronos Worldwide were worth $236,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Kronos Worldwide by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,150,834 shares of the specialty chemicals company’s stock valued at $20,969,000 after purchasing an additional 9,792 shares during the period. Teachers Advisors LLC grew its position in shares of Kronos Worldwide by 14.0% in the second quarter. Teachers Advisors LLC now owns 112,998 shares of the specialty chemicals company’s stock valued at $2,059,000 after purchasing an additional 13,877 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Kronos Worldwide by 13.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 98,948 shares of the specialty chemicals company’s stock valued at $1,803,000 after purchasing an additional 11,413 shares during the period. Wells Fargo & Company MN grew its position in shares of Kronos Worldwide by 14.2% in the second quarter. Wells Fargo & Company MN now owns 163,329 shares of the specialty chemicals company’s stock valued at $2,976,000 after purchasing an additional 20,253 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in shares of Kronos Worldwide by 7.4% in the second quarter. TIAA CREF Investment Management LLC now owns 127,885 shares of the specialty chemicals company’s stock valued at $2,330,000 after purchasing an additional 8,849 shares during the period. Institutional investors own 15.71% of the company’s stock.

Kronos Worldwide Inc (NYSE:KRO) opened at $26.81 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86. The firm has a market cap of $3,038.95, a PE ratio of 17.96, a PEG ratio of 3.47 and a beta of 2.16. Kronos Worldwide Inc has a 52 week low of $10.62 and a 52 week high of $27.92.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, December 5th. Kronos Worldwide’s dividend payout ratio is currently 20.98%.

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Several analysts have recently issued reports on the stock. Barclays PLC lifted their target price on shares of Kronos Worldwide from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. lifted their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.67.

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

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