Raymond James Financial Inc. Buys New Shares in Quaker Chemical Co. (NYSE:KWR)

Raymond James Financial Inc. bought a new stake in Quaker Chemical Co. (NYSE:KWR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 205,866 shares of the specialty chemicals company’s stock, valued at approximately $28,978,000. Raymond James Financial Inc. owned 1.16% of Quaker Chemical at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KWR. Kohmann Bosshard Financial Services LLC purchased a new stake in Quaker Chemical during the 4th quarter worth about $58,000. KBC Group NV lifted its holdings in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Quaker Chemical by 100.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 453 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Quaker Chemical during the 3rd quarter worth about $208,000. Finally, CIBC Asset Management Inc purchased a new stake in Quaker Chemical during the 4th quarter worth about $211,000. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KWR has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Piper Sandler reiterated a “neutral” rating and set a $170.00 target price (down previously from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Finally, StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Quaker Chemical Stock Performance

Shares of KWR stock opened at $128.54 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The stock’s 50-day moving average price is $137.34 and its 200 day moving average price is $151.79. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). The company had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same quarter last year, the firm earned $1.78 EPS. As a group, equities research analysts forecast that Quaker Chemical Co. will post 7.75 EPS for the current year.

Quaker Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s dividend payout ratio (DPR) is presently 29.80%.

Quaker Chemical 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.