BlackRock Inc. Makes New Investment in Kronos Worldwide Inc $KRO

BlackRock Inc. purchased a new position in shares of Kronos Worldwide Inc (NYSE:KRO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,719,820 shares of the specialty chemicals company's stock, valued at approximately $10,886,000. BlackRock Inc. owned 1.49% of Kronos Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in Kronos Worldwide by 478.7% during the first quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company's stock worth $942,000 after buying an additional 104,202 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Kronos Worldwide by 11.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company's stock valued at $1,651,000 after acquiring an additional 22,046 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Kronos Worldwide by 20.3% during the 1st quarter. Jane Street Group LLC now owns 24,368 shares of the specialty chemicals company's stock valued at $182,000 after acquiring an additional 4,104 shares during the period. Geode Capital Management LLC lifted its position in shares of Kronos Worldwide by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 527,839 shares of the specialty chemicals company's stock valued at $3,273,000 after acquiring an additional 12,260 shares during the period. Finally, Creative Planning grew its holdings in shares of Kronos Worldwide by 13.1% during the 2nd quarter. Creative Planning now owns 42,064 shares of the specialty chemicals company's stock worth $261,000 after purchasing an additional 4,857 shares in the last quarter. Institutional investors own 15.11% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on KRO. Zacks Research downgraded Kronos Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kronos Worldwide from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Weiss Ratings raised shares of Kronos Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $8.00 price target on shares of Kronos Worldwide in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $8.50.

Kronos Worldwide Trading Down 0.4%

NYSE:KRO opened at $8.42 on Friday. The firm has a fifty day simple moving average of $7.24 and a two-hundred day simple moving average of $6.74. Kronos Worldwide Inc has a 12 month low of $4.08 and a 12 month high of $9.17. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $969.14 million, a price-to-earnings ratio of -8.86 and a beta of 1.08.

Kronos Worldwide (NYSE:KRO - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. The business had revenue of $558.10 million during the quarter, compared to analyst estimates of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. Analysts expect that Kronos Worldwide Inc will post 0.35 EPS for the current fiscal year.

Kronos Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.20 annualized dividend and a yield of 2.4%. Kronos Worldwide's payout ratio is -21.05%.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.

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