SunTrust Banks Equities Analysts Lift Earnings Estimates for Kronos Worldwide Inc (KRO)
Kronos Worldwide Inc (NYSE:KRO) – Research analysts at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for shares of Kronos Worldwide in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Sheehan now anticipates that the specialty chemicals company will post earnings per share of $1.83 for the year, up from their prior estimate of $1.77. SunTrust Banks has a “Hold” rating and a $24.00 price target on the stock.
Several other research firms have also commented on KRO. BidaskClub upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.67.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Stockholders 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 annualized dividend and a dividend yield of 2.41%. Kronos Worldwide’s dividend payout ratio (DPR) is 24.90%.
Large investors have recently bought and sold shares of the company. Laurion Capital Management LP bought a new position in shares of Kronos Worldwide during the 1st quarter valued at about $166,000. Strs Ohio bought a new position in shares of Kronos Worldwide during the 2nd quarter valued at about $198,000. Zacks Investment Management bought a new position in shares of Kronos Worldwide during the 2nd quarter valued at about $207,000. Stephens Inc. AR bought a new position in shares of Kronos Worldwide during the 2nd quarter valued at about $228,000. Finally, American International Group Inc. boosted its position in shares of Kronos Worldwide by 7.1% during the 1st quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock valued at $223,000 after purchasing an additional 894 shares in the last quarter. Institutional investors own 15.41% of the company’s stock.
About Kronos Worldwide
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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