68,729 Shares in Kronos Worldwide Inc (KRO) Acquired by KBC Group NV
KBC Group NV purchased a new position in shares of Kronos Worldwide Inc (NYSE:KRO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 68,729 shares of the specialty chemicals company’s stock, valued at approximately $1,252,000. KBC Group NV owned approximately 0.06% of Kronos Worldwide at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of KRO. Bank of New York Mellon Corp raised its stake in Kronos Worldwide by 0.9% in the second 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. Dupont Capital Management Corp purchased a new stake in Kronos Worldwide during the second quarter worth approximately $498,000. Advisors Asset Management Inc. raised its stake in Kronos Worldwide by 7.8% in the second quarter. Advisors Asset Management Inc. now owns 941,607 shares of the specialty chemicals company’s stock worth $17,156,000 after buying an additional 67,849 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in Kronos Worldwide during the second quarter worth approximately $1,391,000. Finally, Rhumbline Advisers raised its stake in Kronos Worldwide by 5.7% in the second 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. Institutional investors own 15.44% of the company’s stock.
Kronos Worldwide Inc (NYSE:KRO) opened at 20.93 on Friday. The firm’s 50-day moving average is $19.99 and its 200-day moving average is $17.68. The stock has a market capitalization of $2.43 billion, a P/E ratio of 8.70 and a beta of 2.10. Kronos Worldwide Inc has a 12 month low of $7.27 and a 12 month high of $21.89.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Tuesday, September 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.87%. Kronos Worldwide’s dividend payout ratio is presently 24.90%.
A number of research firms recently commented on KRO. BidaskClub upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Barclays PLC upped their price target on shares of Kronos Worldwide from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Friday, July 28th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $20.50.
In related news, insider Benjiman R. Corona sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total value of $36,700.00. Following the completion of the sale, the insider now directly owns 500 shares in the company, valued at $9,175. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.
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.
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