Quaker Houghton (NYSE:KWR – Get Free Report) announced its earnings results on Thursday. The specialty chemicals company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.53, FiscalAI reports. Quaker Houghton had a return on equity of 9.03% and a net margin of 0.22%.The business had revenue of $532.55 million for the quarter, compared to analyst estimates of $504.63 million. During the same period in the prior year, the company earned $1.71 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year.
Quaker Houghton Trading Up 3.8%
Shares of KWR traded up $5.65 during trading hours on Thursday, hitting $154.44. The company had a trading volume of 243,134 shares, compared to its average volume of 127,312. Quaker Houghton has a 52-week low of $111.42 and a 52-week high of $183.01. The company has a quick ratio of 1.72, a current ratio of 2.45 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $149.41 and its 200 day moving average price is $145.63. The firm has a market cap of $2.68 billion, a P/E ratio of 551.58, a P/E/G ratio of 1.14 and a beta of 1.40.
Quaker Houghton Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, October 16th. This is a positive change from Quaker Houghton’s previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 1.4%. Quaker Houghton’s dividend payout ratio (DPR) is currently 725.00%.
Insiders Place Their Bets
In related news, EVP Jeewat Bijlani sold 731 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $145.77, for a total transaction of $106,557.87. Following the transaction, the executive vice president directly owned 6,748 shares in the company, valued at $983,655.96. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
Institutional Trading of Quaker Houghton
A number of institutional investors have recently made changes to their positions in KWR. EverSource Wealth Advisors LLC grew its holdings in shares of Quaker Houghton by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Global Retirement Partners LLC boosted its position in Quaker Houghton by 556.9% during the 4th quarter. Global Retirement Partners LLC now owns 335 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 284 shares during the period. Kestra Advisory Services LLC bought a new stake in Quaker Houghton in the 4th quarter worth $52,000. Danske Bank A S bought a new stake in Quaker Houghton in the 3rd quarter worth $66,000. Finally, State of Wyoming purchased a new position in shares of Quaker Houghton in the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.
Analyst Ratings Changes
KWR has been the subject of several recent analyst reports. Jefferies Financial Group cut their price objective on Quaker Houghton from $203.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 6th. Truist Financial assumed coverage on shares of Quaker Houghton in a research note on Monday, June 8th. They issued a “buy” rating and a $172.00 target price on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $177.00 target price on shares of Quaker Houghton in a research report on Friday, July 17th. Weiss Ratings raised shares of Quaker Houghton from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Quaker Houghton presently has a consensus rating of “Moderate Buy” and an average target price of $174.67.
Check Out Our Latest Analysis on Quaker Houghton
Quaker Houghton Company 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.
Further Reading
- Five stocks we like better than Quaker Houghton
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Quaker Houghton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Houghton and related companies with MarketBeat.com's FREE daily email newsletter.
