California State Teachers Retirement System reduced its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,155 shares of the specialty chemicals company’s stock after selling 3,200 shares during the period. California State Teachers Retirement System’s holdings in Kronos Worldwide were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings 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 valued at $20,969,000 after buying an additional 9,792 shares in the last quarter. Teachers Advisors LLC increased its holdings in Kronos Worldwide by 14.0% in the second quarter. Teachers Advisors LLC now owns 112,998 shares of the specialty chemicals company’s stock valued at $2,059,000 after buying an additional 13,877 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kronos Worldwide by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,210,956 shares of the specialty chemicals company’s stock valued at $22,063,000 after buying an additional 88,453 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Kronos Worldwide by 7.4% in the second quarter. TIAA CREF Investment Management LLC now owns 127,885 shares of the specialty chemicals company’s stock valued at $2,330,000 after buying an additional 8,849 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Kronos Worldwide by 13.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 98,948 shares of the specialty chemicals company’s stock valued at $1,803,000 after buying an additional 11,413 shares in the last quarter. 16.19% of the stock is owned by hedge funds and other institutional investors.

Kronos Worldwide Inc (NYSE:KRO) opened at $27.66 on Friday. 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 12 month low of $11.12 and a 12 month high of $29.49. The firm has a market cap of $3,210.00, a P/E ratio of 19.12, a PEG ratio of 3.47 and a beta of 2.16.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The business had revenue of $464.50 million during the quarter, compared to analysts’ expectations of $448.00 million. During the same period last year, the company posted $0.19 EPS. The company’s revenue was up 30.4% on a year-over-year basis. research analysts predict that Kronos Worldwide Inc will post 1.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. Kronos Worldwide’s dividend payout ratio (DPR) is 21.05%.

KRO has been the subject of a number of research analyst reports. BidaskClub cut shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Barclays increased their target price 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. ValuEngine raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, SunTrust Banks raised their price objective on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Kronos Worldwide has an average rating of “Hold” and a consensus target price of $24.00.

TRADEMARK VIOLATION WARNING: “California State Teachers Retirement System Has $732,000 Position in Kronos Worldwide Inc (KRO)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/02/california-state-teachers-retirement-system-has-732000-position-in-kronos-worldwide-inc-kro.html.

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.

Want to see what other hedge funds are holding KRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kronos Worldwide Inc (NYSE:KRO).

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

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.