Principal Financial Group Inc. grew its holdings in Quaker Houghton (NYSE:KWR - Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,954 shares of the specialty chemicals company's stock after acquiring an additional 2,193 shares during the period. Principal Financial Group Inc. owned 0.43% of Quaker Houghton worth $9,389,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Quaker Houghton by 1.5% during the 4th 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 during the period. JPMorgan Chase & Co. grew its position in Quaker Houghton by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 759,233 shares of the specialty chemicals company's stock worth $106,870,000 after purchasing an additional 122,494 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Quaker Houghton by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 445,365 shares of the specialty chemicals company's stock worth $62,689,000 after purchasing an additional 51,393 shares during the last quarter. Copeland Capital Management LLC grew its position in Quaker Houghton by 12.0% in the 1st quarter. Copeland Capital Management LLC now owns 420,269 shares of the specialty chemicals company's stock worth $51,949,000 after purchasing an additional 44,895 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Quaker Houghton by 5.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 417,897 shares of the specialty chemicals company's stock worth $51,681,000 after purchasing an additional 23,189 shares during the last quarter. 77.46% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have issued reports on KWR. Piper Sandler decreased their price target on shares of Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Quaker Houghton currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.25.
Check Out Our Latest Research Report on KWR
Quaker Houghton Price Performance
Shares of NYSE:KWR traded down $1.84 during midday trading on Wednesday, reaching $117.56. 316,790 shares of the company's stock were exchanged, compared to its average volume of 145,463. The company's 50 day simple moving average is $114.18 and its two-hundred day simple moving average is $122.28. The firm has a market capitalization of $2.08 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Quaker Houghton has a 12 month low of $95.91 and a 12 month high of $193.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.79 and a current ratio of 2.45.
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. Quaker Houghton had a net margin of 5.20% and a return on equity of 8.86%. The firm had revenue of $442.91 million during the quarter, compared to the consensus estimate of $455.23 million. During the same period last year, the firm posted $2.09 EPS. The firm's quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts expect that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.
Quaker Houghton Dividend Announcement
The company 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 dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, July 17th. Quaker Houghton's dividend payout ratio is currently 36.67%.
Quaker Houghton Company Profile
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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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