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

Quaker Houghton (NYSE:KWR) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $187.00.

Several analysts have recently weighed in on the company. Zacks Research raised Quaker Houghton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Royal Bank Of Canada upped their price target on shares of Quaker Houghton from $177.00 to $198.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Truist Financial reaffirmed a “buy” rating and set a $190.00 price target (up from $172.00) on shares of Quaker Houghton in a research note on Monday, August 3rd.

Insider Transactions at Quaker Houghton

In other Quaker Houghton news, Director William Osborne sold 600 shares of Quaker Houghton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the transaction, the director directly owned 616 shares of the company’s stock, valued at approximately $103,678.96. The trade was a 49.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Quaker Houghton

A number of hedge funds and other institutional investors have recently made changes to their positions in KWR. Integrated Wealth Concepts LLC acquired a new position in shares of Quaker Houghton in the 2nd quarter worth approximately $25,000. Allworth Financial LP bought a new position in Quaker Houghton during the second quarter worth $39,000. Public Employees Retirement System of Ohio bought a new position in Quaker Houghton during the second quarter worth $48,000. EverSource Wealth Advisors LLC lifted its holdings in Quaker Houghton by 51.5% in the first quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 117 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Quaker Houghton during the second quarter valued at $66,000. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Houghton Stock Up 0.5%

Shares of NYSE:KWR opened at $158.49 on Friday. The company has a fifty day moving average of $161.66 and a 200-day moving average of $147.77. The company has a market capitalization of $2.73 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.70 and a current ratio of 2.46. Quaker Houghton has a 52-week low of $112.18 and a 52-week high of $183.01.

Quaker Houghton (NYSE:KWR) last released its quarterly earnings data on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%.The company had revenue of $532.55 million for the quarter, compared to the consensus estimate of $504.63 million. During the same quarter last year, the business posted $1.71 EPS. Quaker Houghton’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts predict that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Quaker Houghton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $0.53 dividend. The ex-dividend date is Friday, October 16th. This is a positive change from Quaker Houghton’s previous quarterly dividend of $0.5080. This represents a $2.12 dividend on an annualized basis and a yield of 1.3%. Quaker Houghton’s dividend payout ratio (DPR) is currently 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.