Prudential Financial Inc. Has $2.85 Million Stock Holdings in Kronos Worldwide, Inc. (NYSE:KRO)
Prudential Financial Inc. increased its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 336.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,920 shares of the specialty chemicals company’s stock after acquiring an additional 143,280 shares during the period. Prudential Financial Inc. owned about 0.16% of Kronos Worldwide worth $2,849,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KRO. Dimensional Fund Advisors LP boosted its position in shares of Kronos Worldwide by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,714,878 shares of the specialty chemicals company’s stock worth $19,756,000 after acquiring an additional 164,229 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Kronos Worldwide by 434.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,252 shares of the specialty chemicals company’s stock worth $74,000 after acquiring an additional 4,270 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Kronos Worldwide by 35.5% during the 1st quarter. Bank of Montreal Can now owns 10,986 shares of the specialty chemicals company’s stock worth $154,000 after acquiring an additional 2,881 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kronos Worldwide during the 1st quarter worth approximately $601,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Kronos Worldwide during the 1st quarter worth approximately $700,000. Institutional investors and hedge funds own 19.71% of the company’s stock.
In related news, insider Andrew B. Nace bought 6,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $11.21 per share, for a total transaction of $67,260.00. Following the completion of the transaction, the insider now directly owns 4,475 shares of the company’s stock, valued at approximately $50,164.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Robert D. Graham bought 5,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $10.75 per share, for a total transaction of $53,750.00. Following the transaction, the insider now directly owns 16,000 shares of the company’s stock, valued at $172,000. The disclosure for this purchase can be found here. Insiders acquired 16,500 shares of company stock worth $177,285 in the last 90 days. Company insiders own 0.09% of the company’s stock.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.06). The firm had revenue of $484.50 million for the quarter, compared to analyst estimates of $465.00 million. Kronos Worldwide had a return on equity of 13.56% and a net margin of 6.93%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. As a group, sell-side analysts expect that Kronos Worldwide, Inc. will post 0.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 14th. Shareholders of record on Thursday, September 5th were given a $0.18 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 5.62%. Kronos Worldwide’s dividend payout ratio is currently 40.68%.
Separately, ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th.
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, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.
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