Quaker Chemical Corp (NYSE:KWR) announced a quarterly dividend on Wednesday, September 19th, RTT News reports. Investors of record on Wednesday, October 17th will be paid a dividend of 0.37 per share by the specialty chemicals company on Wednesday, October 31st. This represents a $1.48 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, October 16th.
Quaker Chemical has increased its dividend payment by an average of 8.4% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Quaker Chemical has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Quaker Chemical to earn $7.26 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 20.4%.
Shares of KWR stock opened at $193.00 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.78 and a quick ratio of 2.15. The company has a market capitalization of $2.70 billion, a P/E ratio of 38.52, a P/E/G ratio of 3.05 and a beta of 1.31. Quaker Chemical has a 1 year low of $137.95 and a 1 year high of $204.49.
Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Monday, July 30th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. The business had revenue of $221.96 million during the quarter, compared to analysts’ expectations of $214.72 million. Quaker Chemical had a return on equity of 17.27% and a net margin of 3.89%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. As a group, analysts predict that Quaker Chemical will post 6.04 earnings per share for the current year.
Several equities research analysts recently issued reports on KWR shares. Sidoti boosted their price target on Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday. Zacks Investment Research cut Quaker Chemical from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. B. Riley set a $170.00 target price on Quaker Chemical and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Finally, Janney Montgomery Scott began coverage on Quaker Chemical in a research note on Friday, July 13th. They set a “neutral” rating and a $170.00 target price for the company. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $179.00.
In other Quaker Chemical news, Director Donald R. Caldwell sold 599 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $170.00, for a total transaction of $101,830.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joseph A. Berquist sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $190.64, for a total value of $190,640.00. Following the sale, the vice president now owns 10,411 shares of the company’s stock, valued at $1,984,753.04. The disclosure for this sale can be found here. Insiders have sold 8,491 shares of company stock valued at $1,481,629 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.
About Quaker Chemical
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.
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