Principal Financial Group Inc. Boosts Holdings in Quaker Chemical Co. (NYSE:KWR)

Principal Financial Group Inc. raised its position in Quaker Chemical Co. (NYSE:KWR - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,761 shares of the specialty chemicals company's stock after acquiring an additional 2,285 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Quaker Chemical worth $10,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its position in Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock valued at $88,000 after buying an additional 177 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Quaker Chemical by 100.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company's stock worth $153,000 after buying an additional 453 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Quaker Chemical during the third quarter worth $208,000. Edgestream Partners L.P. purchased a new stake in shares of Quaker Chemical during the third quarter valued at $215,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Quaker Chemical in the 3rd quarter valued at $239,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on KWR. Piper Sandler restated a "neutral" rating and set a $170.00 price objective (down from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their price target on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. StockNews.com cut Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a report on Monday, November 4th.

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Quaker Chemical Trading Up 0.7 %

Quaker Chemical stock traded up $0.97 during midday trading on Tuesday, reaching $134.43. 44,137 shares of the stock traded hands, compared to its average volume of 148,623. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.38 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.39. The company has a 50-day simple moving average of $138.12 and a two-hundred day simple moving average of $153.22. Quaker Chemical Co. has a 12-month low of $124.66 and a 12-month high of $207.83.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.29). The business had revenue of $444.09 million during the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter last year, the firm earned $1.78 EPS. Research analysts expect that Quaker Chemical Co. will post 7.75 earnings per share for the current fiscal year.

Quaker Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a yield of 1.44%. Quaker Chemical's dividend payout ratio is currently 29.80%.

About Quaker Chemical

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.