Kronos Worldwide Inc (KRO) Stake Increased by Northern Trust Corp

Northern Trust Corp grew its holdings in Kronos Worldwide Inc (NYSE:KRO) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 352,813 shares of the specialty chemicals company’s stock after buying an additional 27,566 shares during the period. Northern Trust Corp owned 0.30% of Kronos Worldwide worth $6,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KRO. American International Group Inc. lifted its position in shares of Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 894 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Kronos Worldwide by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock valued at $26,691,000 after buying an additional 50,903 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kronos Worldwide by 5.5% in the first quarter. Geode Capital Management LLC now owns 169,827 shares of the specialty chemicals company’s stock valued at $2,790,000 after buying an additional 8,786 shares during the last quarter. Morgan Stanley lifted its position in shares of Kronos Worldwide by 1.3% in the first quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock valued at $3,367,000 after buying an additional 2,650 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Kronos Worldwide by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,535 shares of the specialty chemicals company’s stock valued at $1,439,000 after buying an additional 4,617 shares during the last quarter. 15.71% of the stock is owned by institutional investors.

Shares of Kronos Worldwide Inc (NYSE KRO) opened at $26.81 on Tuesday. The firm has a market capitalization of $3,038.95, a P/E ratio of 17.96, a P/E/G ratio of 3.47 and a beta of 2.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.86 and a current ratio of 4.26. Kronos Worldwide Inc has a fifty-two week low of $10.62 and a fifty-two week high of $27.92.

Kronos Worldwide (NYSE:KRO) last released 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 business had revenue of $464.50 million during the quarter, compared to analysts’ expectations of $448.00 million. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. analysts predict that Kronos Worldwide Inc will post 1.51 earnings per share for the current year.

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

A number of analysts have recently issued reports on KRO shares. BidaskClub raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. SunTrust Banks, Inc. lifted their price target on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Barclays PLC lifted their price target on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.67.

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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.

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

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