Creative Planning Lowers Position in Kronos Worldwide, Inc. (NYSE:KRO)

Creative Planning trimmed its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 40.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,178 shares of the specialty chemicals company’s stock after selling 6,934 shares during the quarter. Creative Planning’s holdings in Kronos Worldwide were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Kronos Worldwide by 661.7% in the 1st quarter. BNP Paribas Financial Markets now owns 40,606 shares of the specialty chemicals company’s stock valued at $479,000 after buying an additional 35,275 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Kronos Worldwide by 7.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,950 shares of the specialty chemicals company’s stock worth $448,000 after acquiring an additional 2,736 shares during the period. First Eagle Investment Management LLC purchased a new stake in Kronos Worldwide during the first quarter valued at about $1,799,000. Vanguard Group Inc. boosted its position in Kronos Worldwide by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock worth $26,097,000 after purchasing an additional 5,884 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Kronos Worldwide during the 1st quarter valued at approximately $209,000. Institutional investors own 15.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price on Kronos Worldwide from $9.00 to $10.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat.com, Kronos Worldwide presently has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Stock Down 2.1 %

KRO opened at $11.42 on Wednesday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 14.10 and a beta of 1.16. Kronos Worldwide, Inc. has a one year low of $7.70 and a one year high of $14.50. The company has a fifty day moving average price of $11.73 and a 200-day moving average price of $12.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.98.

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, November 29th. Kronos Worldwide’s dividend payout ratio (DPR) 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.