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 upgraded Quaker Chemical from a neutral rating to a buy rating in a research note on Friday, June 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $187.25.
Quaker Chemical (NYSE:KWR) last posted its earnings results on Thursday, May 2nd. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.01. Quaker Chemical had a return on equity of 18.73% and a net margin of 6.99%. The company had revenue of $211.20 million for the quarter, compared to analyst estimates of $213.99 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts predict that Quaker Chemical will post 6.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.385 per share. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.82%. Quaker Chemical’s payout ratio is presently 24.50%.
In other news, Director Donald R. Caldwell sold 250 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $201.65, for a total transaction of $50,412.50. Following the sale, the director now owns 5,071 shares in the company, valued at $1,022,567.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of KWR. Bessemer Group Inc. lifted 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 worth $40,000 after purchasing an additional 70 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Quaker Chemical during the first quarter worth about $40,000. Manchester Capital Management LLC acquired a new stake in shares of Quaker Chemical during the first quarter worth about $100,000. Belpointe Asset Management LLC acquired a new stake in shares of Quaker Chemical during the first quarter worth about $102,000. Finally, FMR LLC lifted 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 worth $142,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 98.29% of the company’s stock.
Quaker Chemical Company Profile
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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