Principal Financial Group Inc. increased its holdings in shares of Quaker Houghton (NYSE:KWR - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,954 shares of the specialty chemicals company's stock after buying an additional 2,193 shares during the period. Principal Financial Group Inc. owned about 0.43% of Quaker Houghton worth $9,389,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of 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 buying an additional 778 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Quaker Houghton by 390.5% in the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 289 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Quaker Houghton by 5.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,229 shares of the specialty chemicals company's stock valued at $770,000 after buying an additional 340 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Quaker Houghton by 119.7% in the 1st quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company's stock valued at $48,000 after buying an additional 213 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Quaker Houghton by 7.8% in the 1st quarter. Park Avenue Securities LLC now owns 1,863 shares of the specialty chemicals company's stock valued at $230,000 after buying an additional 134 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.
Quaker Houghton Stock Performance
Shares of NYSE:KWR traded down $2.43 during midday trading on Friday, hitting $119.31. The stock had a trading volume of 58,428 shares, compared to its average volume of 174,282. The company has a market capitalization of $2.11 billion, a PE ratio of 22.55, a P/E/G ratio of 1.16 and a beta of 1.37. The stock has a 50 day moving average price of $114.53 and a two-hundred day moving average price of $122.15. 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 has a 1 year low of $95.91 and a 1 year high of $186.60.
Quaker Houghton (NYSE:KWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share 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 business had revenue of $442.91 million for the quarter, compared to the consensus estimate of $455.23 million. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The business's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, equities analysts predict that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.
Quaker Houghton Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, July 17th. Quaker Houghton's dividend payout ratio (DPR) is 36.67%.
Analyst Upgrades and Downgrades
KWR has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of 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. Piper Sandler decreased their price target on shares of Quaker Houghton from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $159.25.
Read Our Latest Research Report on KWR
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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