Shares of Kronos Worldwide Inc (NYSE:KRO) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.00.

A number of equities analysts have recently issued reports on KRO shares. Barclays raised their price target on Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 14th. SunTrust Banks lifted their target price on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. ValuEngine cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th.

A number of institutional investors and hedge funds have recently made changes to their positions in KRO. Kempen Capital Management N.V. increased its holdings in shares of Kronos Worldwide by 1.1% during the 2nd quarter. Kempen Capital Management N.V. now owns 88,441 shares of the specialty chemicals company’s stock worth $1,611,000 after buying an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kronos Worldwide by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after buying an additional 1,061 shares during the last quarter. Rhumbline Advisers increased its holdings in Kronos Worldwide by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 26,386 shares of the specialty chemicals company’s stock valued at $481,000 after purchasing an additional 1,428 shares during the last quarter. Morgan Stanley increased its holdings in Kronos Worldwide by 1.3% in the 1st quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock valued at $3,367,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Kronos Worldwide by 11.1% in the 2nd quarter. Alliancebernstein L.P. now owns 30,000 shares of the specialty chemicals company’s stock valued at $547,000 after purchasing an additional 3,000 shares during the last quarter. 16.18% of the stock is currently owned by institutional investors.

Shares of Kronos Worldwide (KRO) opened at $25.19 on Monday. Kronos Worldwide has a fifty-two week low of $11.12 and a fifty-two week high of $29.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86. The firm has a market capitalization of $2,919.57, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 3.09 and a beta of 2.18.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.21. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The business had revenue of $464.50 million during the quarter, compared to analysts’ expectations of $448.00 million. During the same quarter last year, the business posted $0.19 EPS. The business’s revenue was up 30.4% on a year-over-year basis. sell-side analysts forecast that Kronos Worldwide will post 1.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, December 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, December 5th. Kronos Worldwide’s payout ratio is 20.98%.

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Kronos Worldwide Company Profile

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.

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