205,866 Shares in Quaker Chemical Co. (NYSE:KWR) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 205,866 shares of the specialty chemicals company's stock, valued at approximately $28,978,000. Raymond James Financial Inc. owned about 1.16% of Quaker Chemical as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Quaker Chemical by 9.5% in the 4th quarter. Bank of Montreal Can now owns 2,160 shares of the specialty chemicals company's stock valued at $304,000 after purchasing an additional 188 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of Quaker Chemical by 10,163.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,129 shares of the specialty chemicals company's stock worth $159,000 after acquiring an additional 1,118 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Quaker Chemical by 9.4% during the 4th quarter. Russell Investments Group Ltd. now owns 52,509 shares of the specialty chemicals company's stock valued at $7,391,000 after acquiring an additional 4,514 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Quaker Chemical during the 4th quarter worth $327,000. Finally, Wells Fargo & Company MN increased its holdings in Quaker Chemical by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 15,122 shares of the specialty chemicals company's stock valued at $2,129,000 after purchasing an additional 1,877 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Piper Sandler dropped their price objective on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th.

Quaker Chemical Stock Up 2.5 %

Shares of KWR traded up $2.51 during trading on Tuesday, reaching $103.14. The company's stock had a trading volume of 63,147 shares, compared to its average volume of 126,124. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $125.30 and a two-hundred day moving average of $141.55. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.62 and a beta of 1.44. Quaker Chemical Co. has a twelve month low of $95.91 and a twelve month high of $197.03.

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

Quaker Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio (DPR) is presently 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.