Quaker Houghton $KWR Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management reduced its Quaker Houghton stake by 2.5%, selling 6,419 shares during the third quarter. It still held 251,649 shares worth approximately $39.7 million, while institutional investors collectively owned 77.46% of the company.
• Quaker Houghton reported quarterly revenue of $532.55 million and earnings of $2.19 per share, beating analyst estimates of $504.63 million and $1.66, respectively. Revenue increased 10.2% year over year.
• The company raised its quarterly dividend to $0.53 per share, implying an annualized yield of about 1.3%. Analysts maintained a broadly positive outlook, with a consensus “Buy” rating and an average price target of $187.

Copeland Capital Management LLC lowered its position in shares of Quaker Houghton (NYSE:KWR - Free Report) by 2.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 251,649 shares of the specialty chemicals company's stock after selling 6,419 shares during the quarter. Copeland Capital Management LLC owned about 1.46% of Quaker Houghton worth $39,700,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Quaker Houghton during the 2nd quarter valued at $25,000. Allworth Financial LP acquired a new stake in Quaker Houghton in the 2nd quarter valued at $39,000. Public Employees Retirement System of Ohio acquired a new stake in Quaker Houghton in the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC increased its holdings in Quaker Houghton by 51.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company's stock valued at $43,000 after purchasing an additional 117 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Quaker Houghton in the second quarter valued at about $66,000. Institutional investors and hedge funds own 77.46% of the company's stock.

Insiders Place Their Bets

In other Quaker Houghton news, Director William Osborne sold 600 shares of Quaker Houghton stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the sale, the director directly owned 616 shares in the company, valued at $103,678.96. The trade was a 49.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Quaker Houghton Stock Performance

Shares of KWR stock opened at $160.63 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 1.70. The company's fifty day moving average price is $161.88 and its two-hundred day moving average price is $149.96. The firm has a market capitalization of $2.76 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.06 and a beta of 1.40. Quaker Houghton has a 12 month low of $112.18 and a 12 month high of $183.01.

Quaker Houghton (NYSE:KWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%. The company had revenue of $532.55 million during the quarter, compared to the consensus estimate of $504.63 million. During the same period last year, the firm earned $1.71 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. On average, research analysts anticipate that Quaker Houghton will post 7.85 earnings per share for the current fiscal year.

Quaker Houghton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.53 per share. This is a boost from Quaker Houghton's previous quarterly dividend of $0.5080. The ex-dividend date is Friday, October 16th. This represents a $2.12 dividend on an annualized basis and a yield of 1.3%. Quaker Houghton's payout ratio is 36.19%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research raised Quaker Houghton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Quaker Houghton from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Truist Financial reiterated a "buy" rating and issued a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a research note on Monday, August 3rd. Royal Bank Of Canada raised their target price on Quaker Houghton from $177.00 to $198.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised Quaker Houghton from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $187.00.

About Quaker Houghton

Quaker Houghton NYSE: KWR is a global provider of industrial process fluids and services. The company develops, manufactures and supplies chemical formulations used to improve performance, efficiency, safety and product quality in manufacturing and metalworking operations.

Its product portfolio includes metal-removal and metal-forming fluids, hydraulic and specialty fluids, industrial cleaners, coatings, corrosion preventives and fire-resistant fluids. Quaker Houghton also provides fluid-management programs, technical support, equipment and related services designed to help customers manage industrial processes and maintenance requirements.

The company serves customers in industries including steel, aluminum, automotive, aerospace, mining, machinery and other general manufacturing markets.

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