Quaker Houghton (NYSE:KWR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $120.64 and traded as high as $132.16. Quaker Houghton shares last traded at $131.61, with a volume of 101,703 shares.
Wall Street Analyst Weigh In
KWR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Quaker Houghton in a report on Wednesday, August 13th. Royal Bank Of Canada set a $135.00 price target on Quaker Houghton and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Jefferies Financial Group upgraded Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price target for the company in a report on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.75.
Check Out Our Latest Report on KWR
Quaker Houghton Stock Performance
The company has a market capitalization of $2.29 billion, a PE ratio of -306.06, a PEG ratio of 1.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 2.56. The company has a 50 day moving average price of $134.27 and a 200 day moving average price of $120.64.
Quaker Houghton (NYSE:KWR - Get Free Report) last released its earnings results on Thursday, July 31st. The specialty chemicals company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.11). The business had revenue of $483.40 million for the quarter, compared to analysts' expectations of $463.57 million. Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 earnings per share. Equities analysts forecast that Quaker Houghton will post 7.75 EPS for the current year.
Quaker Houghton Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.508 per share. This represents a $2.03 annualized dividend and a yield of 1.5%. This is a boost from Quaker Houghton's previous quarterly dividend of $0.49. The ex-dividend date is Friday, October 17th. Quaker Houghton's dividend payout ratio (DPR) is -451.16%.
Hedge Funds Weigh In On Quaker Houghton
Several large investors have recently added to or reduced their stakes in KWR. First Horizon Advisors Inc. lifted its stake in Quaker Houghton by 400.0% during the first quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 184 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in Quaker Houghton during the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in Quaker Houghton by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company's stock worth $34,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC lifted its stake in Quaker Houghton by 390.5% during the first quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 289 shares during the last quarter. Finally, 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 last quarter. 77.46% of the stock is currently owned by institutional investors.
About Quaker Houghton
(
Get 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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