Fruth Investment Management Invests $200,000 in Quaker Chemical Corp (KWR) Stock

Fruth Investment Management bought a new position in shares of Quaker Chemical Corp (NYSE:KWR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the specialty chemicals company’s stock, valued at approximately $200,000.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in Quaker Chemical by 44.6% during the 4th quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 70 shares during the period. Belpointe Asset Management LLC purchased a new position in Quaker Chemical in the 3rd quarter worth approximately $101,000. Hanseatic Management Services Inc. purchased a new position in Quaker Chemical in the 4th quarter worth approximately $107,000. LS Investment Advisors LLC grew its stake in Quaker Chemical by 55.8% in the 4th quarter. LS Investment Advisors LLC now owns 609 shares of the specialty chemicals company’s stock worth $108,000 after buying an additional 218 shares in the last quarter. Finally, FMR LLC grew its stake in Quaker Chemical by 346.9% in the 4th quarter. FMR LLC now owns 800 shares of the specialty chemicals company’s stock worth $142,000 after buying an additional 621 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Shane Hostetter sold 1,892 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $207.51, for a total value of $392,608.92. Following the completion of the sale, the insider now owns 1,303 shares of the company’s stock, valued at approximately $270,385.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

A number of research firms have commented on KWR. Janney Montgomery Scott reissued a “neutral” rating and issued a $198.00 price target on shares of Quaker Chemical in a research note on Tuesday, January 29th. Zacks Investment Research cut shares of Quaker Chemical from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Quaker Chemical in a research note on Tuesday, February 5th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $187.25.

KWR stock opened at $215.93 on Wednesday. Quaker Chemical Corp has a one year low of $137.95 and a one year high of $217.15. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 2.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.76 and a quick ratio of 2.14.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, February 28th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.11. Quaker Chemical had a net margin of 6.86% and a return on equity of 18.88%. The company had revenue of $211.48 million during the quarter, compared to analysts’ expectations of $215.90 million. As a group, equities research analysts forecast that Quaker Chemical Corp will post 7.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.37 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.69%. Quaker Chemical’s dividend payout ratio (DPR) is 24.50%.

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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. The company's 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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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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