Quaker Chemical Co. (NYSE:KWR) Declares Quarterly Dividend of $0.49

Quaker Chemical Co. (NYSE:KWR) declared a quarterly dividend on Wednesday, November 20th,RTT News reports. Investors of record on Friday, January 17th will be given a dividend of 0.485 per share by the specialty chemicals company on Friday, January 31st. This represents a $1.94 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, January 17th.

Quaker Chemical has raised its dividend by an average of 5.0% per year over the last three years and has increased its dividend every year for the last 17 years. Quaker Chemical has a dividend payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quaker Chemical to earn $8.85 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 21.9%.

Quaker Chemical Stock Performance

Shares of KWR opened at $131.95 on Wednesday. Quaker Chemical has a 12-month low of $124.66 and a 12-month high of $207.83. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.35 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39. The stock has a 50-day moving average price of $151.58 and a 200-day moving average price of $161.15.

Quaker Chemical (NYSE:KWR) last announced its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, equities analysts forecast that Quaker Chemical will post 7.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on KWR. Piper Sandler reissued a “neutral” rating and issued a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Royal Bank of Canada dropped their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Insider Activity

In other Quaker Chemical news, SVP David Slinkman sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $167.80, for a total value of $285,260.00. Following the completion of the sale, the senior vice president now owns 2,825 shares in the company, valued at approximately $474,035. The trade was a 37.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeewat Bijlani sold 645 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $165.98, for a total transaction of $107,057.10. Following the completion of the transaction, the executive vice president now owns 4,747 shares in the company, valued at $787,907.06. This represents a 11.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Quaker Chemical Company Profile

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.