Dean Capital Management Has $1.94 Million Stock Holdings in Quaker Houghton $KWR

Dean Capital Management decreased its holdings in shares of Quaker Houghton (NYSE:KWR) by 55.0% during the 4th quarter, Holdings Channel reports. The firm owned 14,103 shares of the specialty chemicals company’s stock after selling 17,246 shares during the quarter. Dean Capital Management’s holdings in Quaker Houghton were worth $1,936,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in Quaker Houghton in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Quaker Houghton during the 3rd quarter worth approximately $28,000. Farther Finance Advisors LLC grew its position in shares of Quaker Houghton by 165.0% during the 4th quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 170 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Quaker Houghton by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Quaker Houghton by 556.9% in the 4th quarter. Global Retirement Partners LLC now owns 335 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Trading Up 1.3%

NYSE:KWR opened at $150.10 on Friday. Quaker Houghton has a 12 month low of $111.32 and a 12 month high of $183.01. 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 firm’s 50 day moving average is $140.13 and its 200 day moving average is $143.03. The stock has a market capitalization of $2.61 billion, a PE ratio of 536.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43.

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

Quaker Houghton announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 13th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the specialty chemicals company to purchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Quaker Houghton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $0.508 dividend. This represents a $2.03 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’s dividend payout ratio (DPR) is presently 725.00%.

Insider Transactions at Quaker Houghton

In other Quaker Houghton news, EVP Jeewat Bijlani sold 731 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $145.77, for a total value of $106,557.87. Following the completion of the transaction, the executive vice president owned 6,748 shares in the company, valued at $983,655.96. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KWR shares. Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Seaport Research Partners upgraded shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 price target for the company in a report on Friday, April 17th. Royal Bank Of Canada increased their price objective on shares of Quaker Houghton from $151.00 to $157.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Truist Financial started coverage on shares of Quaker Houghton in a research report on Monday, June 8th. They issued a “buy” rating and a $172.00 price target for the company. Finally, 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 research note on Monday, April 6th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock 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.