Zacks Investment Research Upgrades Kronos Worldwide Inc. (KRO) to Strong-Buy
Kronos Worldwide Inc. (NYSE:KRO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Friday. The firm presently has a $12.00 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 4.80% from the company’s previous close.
According to Zacks, “KRONOS WORLDWIDE, INC. is a global producer and marketer of value-added titanium dioxide pigments. The Company along with its distributors and agents, sells and provides technical services for its products to over 4,000 customers in approximately 100 countries with the majority of sales in Europe and North America. “
Separately, TheStreet raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th.
Kronos Worldwide (NYSE:KRO) opened at 11.45 on Friday. The company has a 50 day moving average of $8.18 and a 200 day moving average of $6.92. The stock’s market capitalization is $1.33 billion. Kronos Worldwide has a 52 week low of $3.94 and a 52 week high of $11.50.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.24%. Kronos Worldwide’s dividend payout ratio is currently -5,994.01%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its position in Kronos Worldwide by 159,575.0% in the second quarter. Sei Investments Co. now owns 19,161 shares of the company’s stock worth $101,000 after buying an additional 19,149 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Kronos Worldwide during the third quarter worth approximately $117,000. Bank of Montreal Can increased its position in Kronos Worldwide by 68.9% in the third quarter. Bank of Montreal Can now owns 16,751 shares of the company’s stock worth $139,000 after buying an additional 6,834 shares in the last quarter. Teachers Advisors Inc. increased its position in Kronos Worldwide by 6.0% in the second quarter. Teachers Advisors Inc. now owns 31,997 shares of the company’s stock worth $168,000 after buying an additional 1,800 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Kronos Worldwide by 161.3% in the second quarter. Alliancebernstein L.P. now owns 32,400 shares of the company’s stock worth $170,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 13.05% of the company’s stock.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc 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 in approximately 100 countries with sales in Europe and North America.
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