Quaker Houghton (KWR) to Issue Quarterly Dividend of $0.51 on July 31st

Quaker Houghton (NYSE:KWR) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Friday, July 17th will be given a dividend of 0.508 per share by the specialty chemicals company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 17th.

Quaker Houghton has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 17 years. Quaker Houghton has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Quaker Houghton to earn $9.00 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 22.6%.

Quaker Houghton Stock Performance

KWR opened at $149.68 on Wednesday. The company’s 50 day moving average is $146.82 and its 200 day moving average is $144.91. The company has a current ratio of 2.45, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 534.58, a PEG ratio of 1.13 and a beta of 1.40. Quaker Houghton has a 12-month low of $111.42 and a 12-month high of $183.01.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.03). The business had revenue of $480.48 million for the quarter, compared to analysts’ expectations of $463.70 million. Quaker Houghton had a net margin of 0.22% and a return on equity of 9.03%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. On average, equities research analysts predict that Quaker Houghton will post 7.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KWR. Weiss Ratings raised Quaker Houghton from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Jefferies Financial Group cut their price target on Quaker Houghton from $203.00 to $175.00 and set a “buy” rating for the company in a report on Monday, April 6th. Seaport Research Partners upgraded Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 price target for the company in a research report on Friday, April 17th. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada lifted their price objective on Quaker Houghton from $151.00 to $157.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Quaker Houghton presently has an average rating of “Moderate Buy” and a consensus target price of $168.00.

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.