Shares of Quaker Houghton (NYSE:KWR – Get Free Report) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $187.00.
A number of analysts have weighed in on KWR shares. Zacks Research raised shares of Quaker Houghton from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial reaffirmed 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. Weiss Ratings upgraded shares of Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th.
Check Out Our Latest Analysis on Quaker Houghton
Insider Buying and Selling at Quaker Houghton
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH grew its position in shares of Quaker Houghton by 3.5% during the first quarter. Keybank National Association OH now owns 2,084 shares of the specialty chemicals company’s stock worth $259,000 after acquiring an additional 71 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Quaker Houghton by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,600 shares of the specialty chemicals company’s stock valued at $1,068,000 after purchasing an additional 83 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Quaker Houghton by 7.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 109 shares during the last quarter. LPL Financial LLC boosted its stake in Quaker Houghton by 1.4% during the 4th quarter. LPL Financial LLC now owns 8,105 shares of the specialty chemicals company’s stock worth $1,113,000 after purchasing an additional 114 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Quaker Houghton by 51.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.
Quaker Houghton Stock Up 0.6%
Quaker Houghton stock opened at $161.26 on Wednesday. Quaker Houghton has a 1-year low of $112.18 and a 1-year high of $183.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 1.70. The stock has a market cap of $2.78 billion, a PE ratio of 28.75, a P/E/G ratio of 1.08 and a beta of 1.40. The stock’s fifty day moving average is $159.94 and its two-hundred day moving average is $146.60.
Quaker Houghton (NYSE:KWR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The specialty chemicals company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%.The business had revenue of $532.55 million for the quarter, compared to the consensus estimate of $504.63 million. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that Quaker Houghton will post 7.85 EPS for the current fiscal year.
Quaker Houghton announced that its board has approved a share buyback program on Wednesday, May 13th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the specialty chemicals company to reacquire up to 10.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Quaker Houghton Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Quaker Houghton’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, October 16th. Quaker Houghton’s payout ratio is presently 36.19%.
About Quaker Houghton
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.
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