Copeland Capital Management LLC increased its holdings in shares of Quaker Houghton (NYSE:KWR - Free Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,269 shares of the specialty chemicals company's stock after purchasing an additional 44,895 shares during the period. Copeland Capital Management LLC owned approximately 2.38% of Quaker Houghton worth $51,949,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of KWR. Hunter Perkins Capital Management LLC raised its holdings in Quaker Houghton by 24.4% during the 1st quarter. Hunter Perkins Capital Management LLC now owns 6,748 shares of the specialty chemicals company's stock worth $834,000 after buying an additional 1,323 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Quaker Houghton by 5.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,229 shares of the specialty chemicals company's stock worth $770,000 after acquiring an additional 340 shares in the last quarter. Stonegate Investment Group LLC acquired a new stake in shares of Quaker Houghton during the first quarter worth $214,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Quaker Houghton by 7.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,671 shares of the specialty chemicals company's stock worth $207,000 after acquiring an additional 112 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Quaker Houghton by 25.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,882 shares of the specialty chemicals company's stock valued at $480,000 after acquiring an additional 778 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KWR has been the subject of a number of research reports. Jefferies Financial Group upgraded Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 target price for the company in a report on Monday, June 9th. Piper Sandler decreased their price objective on Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Quaker Houghton currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.25.
Get Our Latest Stock Report on KWR
Quaker Houghton Stock Performance
Shares of Quaker Houghton stock traded up $6.70 during trading on Tuesday, hitting $118.64. 234,902 shares of the stock were exchanged, compared to its average volume of 139,835. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $193.74. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38. The company has a fifty day moving average price of $109.17 and a 200-day moving average price of $123.49. The company has a current ratio of 2.45, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50.
Quaker Houghton (NYSE:KWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.06. The business had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. Quaker Houghton had a return on equity of 8.86% and a net margin of 5.20%. The company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. As a group, equities analysts predict that Quaker Houghton will post 7.75 EPS for the current fiscal year.
Quaker Houghton Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.94 annualized dividend and a yield of 1.64%. Quaker Houghton's dividend payout ratio is currently 36.67%.
Quaker Houghton Company Profile
(
Free Report)
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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