Kronos Worldwide, Inc. (NYSE:KRO – Get Rating) shares dropped 3.1% on Monday after Barclays lowered their price target on the stock from $16.00 to $15.00. Barclays currently has an underweight rating on the stock. Kronos Worldwide traded as low as $15.80 and last traded at $15.80. Approximately 1,099 shares were traded during trading, a decline of 99% from the average daily volume of 208,190 shares. The stock had previously closed at $16.30.
Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kronos Worldwide from $18.00 to $20.00 in a research report on Thursday, May 19th.
Insider Transactions at Kronos Worldwide
In other news, major shareholder Corp Contran sold 5,900 shares of Kronos Worldwide stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $21.94, for a total transaction of $129,446.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Cornercap Investment Counsel Inc. lifted its stake in shares of Kronos Worldwide by 1.1% during the 1st quarter. Cornercap Investment Counsel Inc. now owns 79,017 shares of the specialty chemicals company’s stock valued at $1,226,000 after buying an additional 832 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Kronos Worldwide by 108.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,750 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 911 shares in the last quarter. Ellevest Inc. lifted its stake in Kronos Worldwide by 196.0% in the 2nd quarter. Ellevest Inc. now owns 1,797 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 1,190 shares in the last quarter. Mirador Capital Partners LP lifted its stake in Kronos Worldwide by 1.4% in the 2nd quarter. Mirador Capital Partners LP now owns 85,286 shares of the specialty chemicals company’s stock worth $1,569,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Kronos Worldwide by 2.3% in the 1st quarter. Raymond James & Associates now owns 60,411 shares of the specialty chemicals company’s stock worth $938,000 after purchasing an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 14.82% of the company’s stock.
Kronos Worldwide Stock Performance
The firm has a market cap of $1.79 billion, a PE ratio of 10.44 and a beta of 0.98. The company has a current ratio of 4.43, a quick ratio of 2.89 and a debt-to-equity ratio of 0.50. The firm’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $16.29.
Kronos Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, August 31st. Kronos Worldwide’s payout ratio is currently 51.01%.
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.