Kronos Worldwide (NYSE:KRO) PT Raised to $10.00 at Barclays

Kronos Worldwide (NYSE:KRO) had its price objective upped by Barclays from $9.00 to $10.00 in a research report report published on Wednesday, Benzinga reports. They currently have an underweight rating on the specialty chemicals company’s stock.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kronos Worldwide from $12.00 to $15.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $12.00.

Kronos Worldwide Stock Up 0.2 %

NYSE KRO opened at $12.45 on Wednesday. Kronos Worldwide has a 1-year low of $6.16 and a 1-year high of $14.50. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -54.13 and a beta of 1.15. The stock’s 50 day moving average is $11.32 and its two-hundred day moving average is $12.06. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Kronos Worldwide had a net margin of 0.11% and a return on equity of 0.24%. The company had revenue of $500.50 million during the quarter, compared to analyst estimates of $504.19 million. Equities analysts forecast that Kronos Worldwide will post 0.88 earnings per share for the current fiscal year.

Kronos Worldwide Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, September 6th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, September 6th. Kronos Worldwide’s payout ratio is presently -86.96%.

Institutional Investors Weigh In On Kronos Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRO. Dimensional Fund Advisors LP lifted its position in shares of Kronos Worldwide by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock worth $36,860,000 after purchasing an additional 103,988 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Kronos Worldwide by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock worth $26,097,000 after buying an additional 5,884 shares in the last quarter. Renaissance Technologies LLC boosted its position in Kronos Worldwide by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 660,500 shares of the specialty chemicals company’s stock valued at $8,289,000 after buying an additional 8,400 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Kronos Worldwide by 136.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company’s stock valued at $4,526,000 after buying an additional 208,256 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Kronos Worldwide by 25.9% during the second quarter. American Century Companies Inc. now owns 187,944 shares of the specialty chemicals company’s stock worth $2,359,000 after acquiring an additional 38,647 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

About Kronos Worldwide

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.