Kronos Worldwide Inc (KRO) Sets New 1-Year High at $21.91

Kronos Worldwide Inc (NYSE:KRO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $21.91 and last traded at $21.94, with a volume of 463,352 shares changing hands. The stock had previously closed at $21.73.

KRO has been the topic of several research reports. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Barclays PLC upped their target price on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.50.

The firm has a market cap of $2.54 billion, a P/E ratio of 9.113 and a beta of 2.11. The firm has a 50 day moving average price of $20.12 and a 200-day moving average price of $18.00.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th will be given a $0.15 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.76%. Kronos Worldwide’s payout ratio is currently 24.90%.

In other Kronos Worldwide 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 value of $36,700.00. Following the completion of the transaction, the insider now directly owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of KRO. Teachers Advisors LLC boosted its position in shares of Kronos Worldwide by 98.4% in the fourth quarter. Teachers Advisors LLC now owns 107,651 shares of the specialty chemicals company’s stock worth $1,285,000 after purchasing an additional 53,380 shares during the period. Bank of Montreal Can boosted its position in shares of Kronos Worldwide by 33.8% in the first quarter. Bank of Montreal Can now owns 21,077 shares of the specialty chemicals company’s stock worth $346,000 after purchasing an additional 5,326 shares during the period. Nationwide Fund Advisors boosted its position in shares of Kronos Worldwide by 10.0% in the first 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. Wells Fargo & Company MN boosted its position in shares of Kronos Worldwide by 347.2% in the first quarter. Wells Fargo & Company MN now owns 143,076 shares of the specialty chemicals company’s stock worth $2,351,000 after purchasing an additional 111,079 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Kronos Worldwide by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,141,042 shares of the specialty chemicals company’s stock worth $18,747,000 after purchasing an additional 31,669 shares during the period. Institutional investors and hedge funds own 15.42% of the company’s stock.

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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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