Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 634.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,800 shares of the specialty chemicals company’s stock after purchasing an additional 126,800 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Kronos Worldwide were worth $3,782,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co bought a new position in shares of Kronos Worldwide in the 4th quarter valued at $995,000. Raymond James & Associates bought a new position in shares of Kronos Worldwide in the 4th quarter valued at $225,000. Two Sigma Investments LP lifted its stake in shares of Kronos Worldwide by 351.5% in the 4th quarter. Two Sigma Investments LP now owns 61,059 shares of the specialty chemicals company’s stock valued at $1,573,000 after acquiring an additional 47,536 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kronos Worldwide by 398.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 52,790 shares of the specialty chemicals company’s stock valued at $1,360,000 after acquiring an additional 42,201 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Kronos Worldwide in the 4th quarter valued at $233,000. Hedge funds and other institutional investors own 16.91% of the company’s stock.
A number of brokerages have recently commented on KRO. ValuEngine upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Saturday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.67.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, March 6th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.04%. This is an increase from Kronos Worldwide’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 5th. Kronos Worldwide’s dividend payout ratio is presently 22.15%.
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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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