According to Zacks, “Quaker Chemical Corporation develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS). The Company operates in three segments: Metalworking process chemicals, Coatings and Other chemical products. The Metalworking process chemicals segment includes industrial process fluids for various heavy industrial and manufacturing applications. Coatings segment includes temporary and permanent coatings for metal and concrete products and chemical milling maskants. “
Separately, Janney Montgomery Scott raised shares of Quaker Chemical from a neutral rating to a buy rating in a research note on Friday, June 7th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $187.25.
Shares of NYSE KWR opened at $186.72 on Wednesday. Quaker Chemical has a fifty-two week low of $155.40 and a fifty-two week high of $224.30. The firm’s 50 day simple moving average is $194.35. The company has a market capitalization of $2.44 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.55. The company has a quick ratio of 2.02, a current ratio of 2.65 and a debt-to-equity ratio of 0.07.
Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, May 2nd. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.01. Quaker Chemical had a net margin of 6.99% and a return on equity of 18.73%. The business had revenue of $211.20 million during the quarter, compared to the consensus estimate of $213.99 million. During the same quarter last year, the firm earned $1.41 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts forecast that Quaker Chemical will post 6.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.385 per share. This is an increase from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, July 16th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.82%. Quaker Chemical’s dividend payout ratio (DPR) is currently 24.50%.
In other Quaker Chemical news, Director Donald R. Caldwell sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $201.65, for a total transaction of $50,412.50. Following the completion of the transaction, the director now owns 5,071 shares of the company’s stock, valued at $1,022,567.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of KWR. Bessemer Group Inc. grew its holdings in shares of Quaker Chemical by 44.6% during the fourth quarter. Bessemer Group Inc. now owns 227 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 70 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Quaker Chemical during the first quarter valued at approximately $40,000. Manchester Capital Management LLC purchased a new stake in shares of Quaker Chemical during the first quarter valued at approximately $100,000. Belpointe Asset Management LLC purchased a new stake in shares of Quaker Chemical during the first quarter valued at approximately $102,000. Finally, FMR LLC grew its holdings in shares of Quaker Chemical by 346.9% during the fourth quarter. FMR LLC now owns 800 shares of the specialty chemicals company’s stock valued at $142,000 after buying an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 98.29% 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. 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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