Quaker Houghton Plans Quarterly Dividend of $0.51 (NYSE:KWR)

Quaker Houghton (NYSE:KWR) declared a quarterly dividend on Wednesday, November 19th. Investors of record on Friday, January 16th will be given a dividend of 0.508 per share by the specialty chemicals company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, January 16th.

Quaker Houghton has raised its dividend payment by an average of 0.0%annually 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 $8.42 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 24.1%.

Quaker Houghton Price Performance

KWR traded up $2.61 during trading on Thursday, reaching $130.26. The stock had a trading volume of 10,722 shares, compared to its average volume of 157,577. The stock has a 50 day moving average of $133.71 and a two-hundred day moving average of $125.67. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -302.95, a price-to-earnings-growth ratio of 1.67 and a beta of 1.47. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $168.96.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.14. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The company had revenue of $493.84 million for the quarter, compared to the consensus estimate of $475.06 million. During the same quarter in the previous year, the business earned $1.89 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Institutional Trading of Quaker Houghton

Hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new stake in Quaker Houghton in the 3rd quarter valued at approximately $66,000. CANADA LIFE ASSURANCE Co increased its position in Quaker Houghton by 3.7% during the third quarter. CANADA LIFE ASSURANCE Co now owns 11,528 shares of the specialty chemicals company’s stock worth $1,518,000 after acquiring an additional 410 shares during the period. Dark Forest Capital Management LP raised its stake in Quaker Houghton by 199.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 21,131 shares of the specialty chemicals company’s stock valued at $2,784,000 after purchasing an additional 14,066 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Quaker Houghton by 18.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 2,419 shares of the specialty chemicals company’s stock valued at $319,000 after purchasing an additional 372 shares during the period. Finally, Millennium Management LLC grew its position in Quaker Houghton by 3,639.8% in the 3rd quarter. Millennium Management LLC now owns 79,696 shares of the specialty chemicals company’s stock worth $10,500,000 after purchasing an additional 77,565 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.

Quaker Houghton 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.