Wells Fargo & Company MN Has $2.98 Million Position in Kronos Worldwide Inc (KRO)

Wells Fargo & Company MN increased its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,329 shares of the specialty chemicals company’s stock after purchasing an additional 20,253 shares during the period. Wells Fargo & Company MN owned approximately 0.14% of Kronos Worldwide worth $2,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Kronos Worldwide by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock worth $26,691,000 after purchasing an additional 50,903 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Kronos Worldwide by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,150,834 shares of the specialty chemicals company’s stock worth $20,969,000 after purchasing an additional 9,792 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Kronos Worldwide by 180.8% during the second quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock worth $18,614,000 after purchasing an additional 657,735 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Kronos Worldwide by 7.8% during the second quarter. Advisors Asset Management Inc. now owns 941,607 shares of the specialty chemicals company’s stock worth $17,156,000 after purchasing an additional 67,849 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Kronos Worldwide by 1.3% during the first quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock worth $3,367,000 after purchasing an additional 2,650 shares in the last quarter. 15.41% of the stock is owned by hedge funds and other institutional investors.

KRO has been the subject of several analyst reports. ValuEngine cut shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, SunTrust Banks, Inc. increased their price target on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.67.

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Kronos Worldwide Inc (NYSE:KRO) opened at 26.17 on Friday. The firm’s 50-day moving average is $23.20 and its 200 day moving average is $19.77. Kronos Worldwide Inc has a 12 month low of $7.27 and a 12 month high of $26.47. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.88 and a beta of 2.17.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. Kronos Worldwide’s dividend payout ratio (DPR) is 24.90%.

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.

Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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