Quaker Houghton (NYSE:KWR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the four analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $150.75.
Several research firms have recently issued reports on KWR. Royal Bank Of Canada set a $135.00 price objective on shares of Quaker Houghton and gave the company an “outperform” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group upgraded shares of Quaker Houghton from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Monday, June 9th.
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Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake in Quaker Houghton by 400.0% in the 1st quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 184 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Quaker Houghton during the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its holdings in Quaker Houghton by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Quaker Houghton by 390.5% during the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 289 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Quaker Houghton by 119.7% in the first quarter. Fifth Third Bancorp now owns 391 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.
Quaker Houghton Trading Up 0.2%
Quaker Houghton stock opened at $140.31 on Wednesday. The firm has a 50 day simple moving average of $131.87 and a 200-day simple moving average of $120.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.56 and a quick ratio of 1.87. The stock has a market capitalization of $2.44 billion, a PE ratio of -326.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. Quaker Houghton has a 12-month low of $95.91 and a 12-month high of $180.96.
Quaker Houghton (NYSE:KWR – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.11). The company had revenue of $483.40 million during the quarter, compared to the consensus estimate of $463.57 million. Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. As a group, equities research analysts expect that Quaker Houghton will post 7.75 EPS for the current fiscal year.
Quaker Houghton Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $0.508 per share. This is a positive change from Quaker Houghton’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, October 17th. This represents a $2.03 annualized dividend and a dividend yield of 1.4%. Quaker Houghton’s dividend payout ratio (DPR) is currently -451.16%.
Quaker Houghton Company Profile
(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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