Copeland Capital Management LLC Grows Stock Position in Quaker Houghton $KWR

Key Points

• Copeland Capital Management LLC has increased its stake in Quaker Houghton by 2.4%, holding 430,402 shares worth approximately $48.2 million as of the latest SEC filing.
• Quaker Houghton recently declared a quarterly dividend of $0.508 per share, marking an increase from the previous $0.49 dividend.
• Analysts have set a consensus price target of $150.75 for Quaker Houghton, with three analysts rating the stock as a Buy and one as a Hold.

Copeland Capital Management LLC grew its stake in Quaker Houghton (NYSE:KWR - Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 430,402 shares of the specialty chemicals company's stock after buying an additional 10,133 shares during the quarter. Copeland Capital Management LLC owned 2.43% of Quaker Houghton worth $48,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position in Quaker Houghton by 400.0% during the first quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 184 shares in the last quarter. GAMMA Investing LLC boosted its position in Quaker Houghton by 390.5% in the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 289 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Quaker Houghton by 119.7% during the 1st quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock worth $48,000 after purchasing an additional 213 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Quaker Houghton by 573.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 875 shares of the specialty chemicals company's stock valued at $108,000 after purchasing an additional 745 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Quaker Houghton by 200.0% during the 1st quarter. CWM LLC now owns 1,053 shares of the specialty chemicals company's stock valued at $130,000 after purchasing an additional 702 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Houghton Stock Down 0.0%

KWR opened at $132.30 on Friday. The company has a market cap of $2.30 billion, a PE ratio of -307.66, a price-to-earnings-growth ratio of 1.47 and a beta of 1.42. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $180.96. The company has a 50-day moving average price of $134.63 and a 200 day moving average price of $120.76. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67.

Quaker Houghton (NYSE:KWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.11). Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The firm had revenue of $483.40 million during the quarter, compared to analyst estimates of $463.57 million. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts expect that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Quaker Houghton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $0.508 per share. The ex-dividend date is Friday, October 17th. This is a positive change from Quaker Houghton's previous quarterly dividend of $0.49. This represents a $2.03 annualized dividend and a dividend yield of 1.5%. Quaker Houghton's dividend payout ratio (DPR) is presently -451.16%.

Analysts Set New Price Targets

KWR has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $135.00 price target on shares of Quaker Houghton and gave the stock an "outperform" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group upgraded Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 target price on the stock in a research report on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

Quaker Houghton Company Profile

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.

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