Quaker Chemical (NYSE:KWR) Price Target Cut to $169.00 by Analysts at Royal Bank of Canada

Quaker Chemical (NYSE:KWR) had its price target trimmed by Royal Bank of Canada from $172.00 to $169.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Deutsche Bank Aktiengesellschaft dropped their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler restated a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th.

Quaker Chemical Trading Down 0.0 %

Shares of Quaker Chemical stock opened at $139.01 on Wednesday. Quaker Chemical has a 12-month low of $124.66 and a 12-month high of $207.83. The stock has a market cap of $2.47 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.62 and a beta of 1.39. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $138.19 and its 200-day moving average is $153.64.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The company had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. During the same quarter in the prior year, the company earned $1.78 EPS. Equities research analysts predict that Quaker Chemical will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical’s payout ratio is 28.45%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new position in Quaker Chemical during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in Quaker Chemical during the 4th quarter worth $58,000. KBC Group NV increased its position 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 period. Covestor Ltd increased its position in Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company’s stock worth $94,000 after buying an additional 132 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its position 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 period. Institutional investors own 77.46% 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.