Quaker Houghton (NYSE:KWR) Stock Has Average Price Target of $187.00 According to Analysts

Quaker Houghton (NYSE:KWR) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $187.00.

Several equities research analysts have commented on KWR shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Truist Financial reissued a “buy” rating and issued a $190.00 price target (up from $172.00) on shares of Quaker Houghton in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Quaker Houghton from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research raised shares of Quaker Houghton from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, 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.

Insider Buying and Selling at Quaker Houghton

In other news, Director William Osborne sold 600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total value of $100,986.00. Following the completion of the sale, the director owned 616 shares of the company’s stock, valued at approximately $103,678.96. This represents a 49.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Quaker Houghton

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in Quaker Houghton by 2.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,111 shares of the specialty chemicals company’s stock valued at $494,000 after acquiring an additional 83 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Quaker Houghton during the 2nd quarter worth approximately $241,000. Tidal Investments LLC acquired a new position in shares of Quaker Houghton in the 2nd quarter worth approximately $776,000. WINTON GROUP Ltd acquired a new position in shares of Quaker Houghton in the 2nd quarter worth approximately $4,738,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Quaker Houghton in the 2nd quarter valued at $25,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Houghton Stock Up 1.6%

KWR stock opened at $160.90 on Friday. The firm has a market capitalization of $2.77 billion, a PE ratio of 28.68, a P/E/G ratio of 1.08 and a beta of 1.40. The company has a quick ratio of 1.70, a current ratio of 2.46 and a debt-to-equity ratio of 0.62. Quaker Houghton has a twelve month low of $112.18 and a twelve month high of $183.01. The stock’s 50 day moving average is $161.86 and its 200-day moving average is $147.86.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.53. The business had revenue of $532.55 million for the quarter, compared to analysts’ expectations of $504.63 million. Quaker Houghton had a net margin of 4.94% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 earnings per share. Sell-side analysts expect that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Quaker Houghton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $0.53 dividend. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.5080. The ex-dividend date is Friday, October 16th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.3%. Quaker Houghton’s dividend payout ratio is presently 36.19%.

About Quaker Houghton

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and services. The company develops, manufactures and supplies chemical formulations used to improve performance, efficiency, safety and product quality in manufacturing and metalworking operations.

Its product portfolio includes metal-removal and metal-forming fluids, hydraulic and specialty fluids, industrial cleaners, coatings, corrosion preventives and fire-resistant fluids. Quaker Houghton also provides fluid-management programs, technical support, equipment and related services designed to help customers manage industrial processes and maintenance requirements.

The company serves customers in industries including steel, aluminum, automotive, aerospace, mining, machinery and other general manufacturing markets.