ValuEngine upgraded shares of Kronos Worldwide (NYSE:KRO) from a hold rating to a buy rating in a report released on Sunday.
A number of other research firms also recently weighed in on KRO. SunTrust Banks increased 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. Zacks Investment Research downgraded shares of Kronos Worldwide from a strong-buy rating to a hold rating in a research report on Wednesday, September 27th. Finally, Barclays increased their target price on shares of Kronos Worldwide from $17.00 to $24.00 and gave the company an underweight rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Kronos Worldwide presently has an average rating of Hold and an average price target of $24.00.
Kronos Worldwide (NYSE:KRO) traded up $0.06 during trading on Friday, hitting $26.45. The stock had a trading volume of 354,200 shares, compared to its average volume of 425,400. Kronos Worldwide has a one year low of $12.11 and a one year high of $29.49. 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 capitalization of $3,080.00, a P/E ratio of 9.28, a P/E/G ratio of 2.29 and a beta of 2.20.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, December 5th. Kronos Worldwide’s dividend payout ratio is presently 21.05%.
A number of large investors have recently added to or reduced their stakes in KRO. Russell Investments Group Ltd. acquired a new stake in Kronos Worldwide during the 2nd quarter valued at approximately $2,133,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Kronos Worldwide by 13.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,948 shares of the specialty chemicals company’s stock worth $1,803,000 after buying an additional 11,413 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Kronos Worldwide during the 2nd quarter worth approximately $255,000. Rhumbline Advisers boosted its holdings in shares of Kronos Worldwide by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 26,386 shares of the specialty chemicals company’s stock worth $481,000 after buying an additional 1,428 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Kronos Worldwide by 0.9% during the 2nd 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 buying an additional 9,792 shares in the last quarter. 16.17% of the stock is owned by institutional investors and hedge funds.
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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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