Clifford Swan Investment Counsel LLC Has $5.06 Million Holdings in NewMarket Corporation $NEU

Clifford Swan Investment Counsel LLC decreased its holdings in NewMarket Corporation (NYSE:NEU) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,400 shares of the specialty chemicals company’s stock after selling 600 shares during the quarter. Clifford Swan Investment Counsel LLC owned approximately 0.07% of NewMarket worth $5,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NEU. Northwestern Mutual Wealth Management Co. lifted its holdings in NewMarket by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 348 shares of the specialty chemicals company’s stock worth $275,000 after buying an additional 15 shares during the period. Strs Ohio increased its stake in shares of NewMarket by 12.7% in the first quarter. Strs Ohio now owns 151 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 17 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of NewMarket by 0.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,253 shares of the specialty chemicals company’s stock worth $3,367,000 after acquiring an additional 17 shares during the last quarter. Kesler Norman & Wride LLC lifted its stake in shares of NewMarket by 1.6% in the first quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company’s stock worth $786,000 after acquiring an additional 19 shares during the period. Finally, Great Lakes Advisors LLC lifted its stake in shares of NewMarket by 5.5% in the fourth quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock worth $252,000 after acquiring an additional 19 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NEU. Weiss Ratings raised shares of NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of NewMarket from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NewMarket has an average rating of “Buy”.

NewMarket Stock Performance

NYSE:NEU opened at $897.87 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 0.47. NewMarket Corporation has a twelve month low of $580.03 and a twelve month high of $981.66. The company has a fifty day moving average of $841.03 and a 200-day moving average of $735.43. The firm has a market capitalization of $8.26 billion, a P/E ratio of 19.32 and a beta of 0.56.

NewMarket (NYSE:NEU) last issued its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share (EPS) for the quarter. The business had revenue of $747.09 million for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%.

NewMarket Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th. NewMarket’s dividend payout ratio is 25.82%.

About NewMarket

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.