Dupont Capital Management Corp Takes Position in Kronos Worldwide, Inc. (KRO)
Dupont Capital Management Corp bought a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,618 shares of the specialty chemicals company’s stock, valued at approximately $352,000.
A number of other institutional investors and hedge funds also recently modified their holdings of KRO. Raymond James & Associates acquired a new stake in shares of Kronos Worldwide during the fourth quarter worth about $225,000. Bank of Montreal Can raised its position in Kronos Worldwide by 37.5% in the 2nd quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock valued at $249,000 after buying an additional 3,016 shares during the last quarter. Element Capital Management LLC acquired a new stake in Kronos Worldwide in the 1st quarter valued at approximately $265,000. MetLife Investment Advisors LLC acquired a new stake in Kronos Worldwide in the 4th quarter valued at approximately $289,000. Finally, Affinity Investment Advisors LLC raised its position in Kronos Worldwide by 30.3% in the 1st quarter. Affinity Investment Advisors LLC now owns 13,732 shares of the specialty chemicals company’s stock valued at $310,000 after buying an additional 3,195 shares during the last quarter. Hedge funds and other institutional investors own 16.78% of the company’s stock.
KRO stock opened at $20.00 on Tuesday. The company has a quick ratio of 2.93, a current ratio of 4.64 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.52 and a beta of 2.44. Kronos Worldwide, Inc. has a twelve month low of $18.65 and a twelve month high of $29.49.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Tuesday, September 4th will be paid a $0.17 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 3.40%. Kronos Worldwide’s dividend payout ratio is 36.17%.
KRO has been the topic of a number of recent research reports. Zacks Investment Research lowered Kronos Worldwide from a “buy” rating to a “sell” rating in a research report on Wednesday, May 16th. SunTrust Banks reissued a “hold” rating and issued a $24.00 target price on shares of Kronos Worldwide in a research report on Friday, July 20th. ValuEngine lowered Kronos Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Deutsche Bank raised Kronos Worldwide from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.00 to $28.00 in a research report on Wednesday, May 23rd. Finally, Barclays dropped their target price on Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Kronos Worldwide has an average rating of “Hold” and an average price target of $25.50.
Kronos Worldwide Profile
Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.
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