Empowered Funds LLC Lowers Stock Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Empowered Funds LLC lessened its holdings in Kronos Worldwide, Inc. (NYSE:KRO) by 75.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,788 shares of the specialty chemicals company’s stock after selling 58,188 shares during the period. Empowered Funds LLC’s holdings in Kronos Worldwide were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Twelve Points Wealth Management LLC grew its stake in Kronos Worldwide by 2.5% during the third 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 in the last quarter. Rhumbline Advisers increased its holdings in shares of Kronos Worldwide by 3.7% in the second quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock worth $412,000 after purchasing an additional 1,162 shares during the last quarter. Mirador Capital Partners LP boosted its stake in Kronos Worldwide by 3.0% during the second quarter. Mirador Capital Partners LP now owns 59,762 shares of the specialty chemicals company’s stock valued at $750,000 after buying an additional 1,767 shares during the last quarter. nVerses Capital LLC grew its holdings in Kronos Worldwide by 83.3% during the 3rd quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 2,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Kronos Worldwide by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock worth $26,097,000 after acquiring an additional 5,884 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Kronos Worldwide Stock Down 1.8 %

Shares of NYSE KRO opened at $11.48 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a 12-month low of $8.26 and a 12-month high of $14.50. The firm’s 50-day moving average price is $11.83 and its 200-day moving average price is $12.10. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.17 and a beta of 1.16.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, November 29th. Kronos Worldwide’s payout ratio is 24.69%.

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.