15,288 Shares in Quaker Houghton $KWR Bought by Deutsche Bank AG

Deutsche Bank AG purchased a new stake in shares of Quaker Houghton (NYSE:KWR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,288 shares of the specialty chemicals company’s stock, valued at approximately $2,429,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KWR. Keybank National Association OH raised its holdings in Quaker Houghton by 3.5% in the 1st quarter. Keybank National Association OH now owns 2,084 shares of the specialty chemicals company’s stock worth $259,000 after purchasing an additional 71 shares during the period. CWM LLC raised its stake in shares of Quaker Houghton by 1.8% during the 4th quarter. CWM LLC now owns 4,226 shares of the specialty chemicals company’s stock worth $580,000 after buying an additional 73 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Quaker Houghton by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,600 shares of the specialty chemicals company’s stock worth $1,068,000 after buying an additional 83 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Quaker Houghton by 7.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 109 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Quaker Houghton by 1.4% during the 4th quarter. LPL Financial LLC now owns 8,105 shares of the specialty chemicals company’s stock valued at $1,113,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on KWR. Zacks Research raised shares of Quaker Houghton from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Truist Financial reiterated a “buy” rating and issued a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a research report on Monday, August 3rd. Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank Of Canada raised their price target on shares of Quaker Houghton from $177.00 to $198.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Quaker Houghton has an average rating of “Buy” and a consensus price target of $187.00.

Quaker Houghton Stock Performance

Shares of Quaker Houghton stock opened at $163.92 on Friday. Quaker Houghton has a one year low of $112.18 and a one year high of $183.01. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.70 and a current ratio of 2.46. The business’s 50 day moving average price is $158.70 and its 200 day moving average price is $146.96.

Quaker Houghton (NYSE:KWR) last issued its earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%.The company had revenue of $532.55 million during the quarter, compared to analysts’ expectations of $504.63 million. During the same period in the prior year, the business earned $1.71 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that Quaker Houghton will post 7.85 EPS for the current year.

Quaker Houghton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $0.53 dividend. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.51. This represents a $2.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 16th. Quaker Houghton’s payout ratio is currently 36.19%.

Quaker Houghton declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the specialty chemicals company to buy up to 10.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Quaker Houghton news, Director William H. Osborne sold 600 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the completion of the sale, the director owned 616 shares of the company’s stock, valued at $103,678.96. This trade represents a 49.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Quaker Houghton Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.