Quaker Chemical (NYSE:KWR) PT Lowered to $190.00

Quaker Chemical (NYSE:KWR) had its price target lowered by Deutsche Bank Aktiengesellschaft from $225.00 to $190.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada decreased their price target on Quaker Chemical from $220.00 to $195.00 and set an outperform rating on the stock in a research note on Thursday, August 8th. Piper Sandler assumed coverage on shares of Quaker Chemical in a report on Thursday, May 16th. They issued an overweight rating and a $220.00 target price for the company. Finally, StockNews.com downgraded shares of Quaker Chemical from a buy rating to a hold rating in a research note on Friday, August 2nd.

Quaker Chemical Trading Up 2.1 %

KWR opened at $168.77 on Monday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50. Quaker Chemical has a twelve month low of $138.67 and a twelve month high of $221.94. The company has a 50-day simple moving average of $170.40 and a 200 day simple moving average of $184.15.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.08). The firm had revenue of $463.57 million for the quarter, compared to the consensus estimate of $493.68 million. Quaker Chemical had a return on equity of 10.49% and a net margin of 6.56%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. Analysts predict that Quaker Chemical will post 8.52 EPS for the current fiscal year.

Quaker Chemical Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, October 17th. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s dividend payout ratio is presently 29.53%.

Institutional Trading of Quaker Chemical

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp increased its position in Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 77 shares during the period. Comerica Bank boosted its stake in shares of Quaker Chemical by 1.1% in the 4th quarter. Comerica Bank now owns 9,057 shares of the specialty chemicals company’s stock valued at $1,933,000 after purchasing an additional 96 shares during the last quarter. Strs Ohio increased its position in shares of Quaker Chemical by 50.0% during the fourth quarter. Strs Ohio now owns 300 shares of the specialty chemicals company’s stock worth $64,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in Quaker Chemical by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock worth $1,188,000 after buying an additional 100 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in Quaker Chemical by 8.1% in the fourth quarter. Personal CFO Solutions LLC now owns 1,369 shares of the specialty chemicals company’s stock valued at $292,000 after buying an additional 102 shares during the period. 77.46% of the stock is owned by institutional investors and hedge funds.

About Quaker Chemical

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.