Copeland Capital Management LLC Has $51.95 Million Stock Holdings in Quaker Houghton (NYSE:KWR)

Copeland Capital Management LLC boosted its holdings in shares of Quaker Houghton (NYSE:KWR - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 2.38% of Quaker Houghton worth $51,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Quaker Houghton by 119.7% during the first 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. Park Avenue Securities LLC lifted its stake in Quaker Houghton by 7.8% during the first quarter. Park Avenue Securities LLC now owns 1,863 shares of the specialty chemicals company's stock worth $230,000 after purchasing an additional 134 shares during the period. Deutsche Bank AG lifted its stake in Quaker Houghton by 117.8% during the fourth quarter. Deutsche Bank AG now owns 18,109 shares of the specialty chemicals company's stock worth $2,549,000 after purchasing an additional 9,796 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Quaker Houghton during the fourth quarter worth approximately $422,000. Finally, Vanguard Group Inc. increased its holdings in shares of Quaker Houghton by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,638,419 shares of the specialty chemicals company's stock worth $230,624,000 after buying an additional 23,832 shares in the last quarter. Institutional investors own 77.46% of the company's stock.

Quaker Houghton Price Performance

Shares of Quaker Houghton stock traded down $0.70 during midday trading on Friday, reaching $115.19. The company had a trading volume of 548,319 shares, compared to its average volume of 139,466. The company has a current ratio of 2.45, a quick ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38. The stock has a fifty day simple moving average of $108.94 and a 200 day simple moving average of $123.98. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $193.74.

Quaker Houghton (NYSE:KWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.06. The business had revenue of $442.91 million during the quarter, compared to analyst estimates of $455.23 million. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. Quaker Houghton's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 earnings per share. As a group, equities research analysts forecast that Quaker Houghton will post 7.75 earnings per share for the current year.

Quaker Houghton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, July 17th. Quaker Houghton's dividend payout ratio is currently 36.67%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KWR. Jefferies Financial Group raised shares of Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price objective for the company in a report on Monday, June 9th. Piper Sandler dropped their price objective on shares of Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $159.25.

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.