State Street Corp Grows Position in Kronos Worldwide, Inc. (NYSE:KRO)

State Street Corp boosted its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 575,541 shares of the specialty chemicals company’s stock after buying an additional 8,218 shares during the period. State Street Corp owned approximately 0.50% of Kronos Worldwide worth $7,165,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Twelve Points Wealth Management LLC raised its stake in shares of Kronos Worldwide by 2.5% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company’s stock valued at $452,000 after acquiring an additional 901 shares during the period. Rhumbline Advisers increased its holdings in Kronos Worldwide by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock valued at $412,000 after purchasing an additional 1,162 shares during the last quarter. nVerses Capital LLC raised its position in Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 2,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Kronos Worldwide by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 3,833 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Kronos Worldwide during the third quarter worth $67,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays boosted their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

Kronos Worldwide Price Performance

Kronos Worldwide stock opened at $9.64 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a 52-week low of $8.26 and a 52-week high of $14.50. The firm has a market cap of $1.11 billion, a PE ratio of 11.90 and a beta of 1.13. The company’s 50 day moving average is $11.03 and its two-hundred day moving average is $11.61.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, November 29th. Kronos Worldwide’s payout ratio is currently 24.69%.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company 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.