BidaskClub upgraded shares of Kronos Worldwide Inc (NYSE:KRO) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other equities analysts have also issued reports on the stock. ValuEngine raised shares of Kronos Worldwide from a hold rating to a buy rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Kronos Worldwide from a strong-buy rating to a hold rating in a research report on Wednesday, July 12th. Finally, Barclays PLC boosted their target price on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an underweight rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kronos Worldwide currently has an average rating of Buy and a consensus price target of $20.50.

Shares of Kronos Worldwide (NYSE:KRO) opened at 20.13 on Friday. The stock has a market capitalization of $2.33 billion, a PE ratio of 8.37 and a beta of 2.10. Kronos Worldwide has a 52-week low of $7.27 and a 52-week high of $21.89. The stock’s 50 day moving average is $19.94 and its 200 day moving average is $17.48.

COPYRIGHT VIOLATION WARNING: “BidaskClub Upgrades Kronos Worldwide Inc (KRO) to Buy” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/30/bidaskclub-upgrades-kronos-worldwide-inc-kro-to-buy.html.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Tuesday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, August 31st. Kronos Worldwide’s dividend payout ratio (DPR) is currently 24.90%.

In related news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC raised its stake in shares of Kronos Worldwide by 4.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 15,173 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 584 shares during the period. American International Group Inc. raised its stake 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 period. Kempen Capital Management N.V. raised its stake in shares of Kronos Worldwide by 1.1% in the second quarter. Kempen Capital Management N.V. now owns 88,441 shares of the specialty chemicals company’s stock valued at $1,611,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Kronos Worldwide by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock valued at $379,000 after buying an additional 1,061 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 1,284 shares during the period. 15.44% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Company 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.

Receive News & Stock Ratings for Kronos Worldwide Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide Inc and related stocks with our FREE daily email newsletter.