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

Shares of Quaker Houghton (NYSE:KWR) have been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $187.00.

A number of equities analysts have weighed in on KWR shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. 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 note on Monday, August 3rd. Weiss Ratings raised shares of Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of Quaker Houghton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, August 1st.

Insider Activity

In related news, Director William Osborne sold 600 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the sale, the director directly owned 616 shares in the company, valued at approximately $103,678.96. The trade was a 49.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Quaker Houghton in the second quarter worth about $335,290,000. William Blair Investment Management LLC purchased a new position in Quaker Houghton during the second quarter valued at approximately $66,810,000. Bank of America Corp DE bought a new stake in Quaker Houghton during the 2nd quarter worth approximately $37,045,000. Jupiter Topco LLC bought a new stake in Quaker Houghton during the 2nd quarter worth approximately $31,472,000. Finally, Heartland Advisors Inc. purchased a new stake in Quaker Houghton in the 2nd quarter worth approximately $26,259,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Quaker Houghton Stock Down 1.6%

Shares of NYSE KWR opened at $157.88 on Friday. Quaker Houghton has a one year low of $112.18 and a one year high of $183.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 1.70. The business’s fifty day moving average price is $161.34 and its 200-day moving average price is $147.22. The stock has a market capitalization of $2.72 billion, a PE ratio of 28.14, a P/E/G ratio of 1.08 and a beta of 1.40.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $504.63 million. During the same quarter in the prior year, the company earned $1.71 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Quaker Houghton will post 7.85 EPS for the current year.

Quaker Houghton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.5080. The ex-dividend date is Friday, October 16th. Quaker Houghton’s dividend payout ratio (DPR) is presently 36.19%.

About Quaker Houghton

Quaker Houghton (NYSE: KWR) is a global provider of industrial process fluids and specialty chemicals. The company develops, manufactures and services products used in metalworking and other industrial applications, including coolants, lubricants, hydraulic fluids, corrosion preventatives, cleaners and specialty fluids.

Its products and technical services support manufacturing processes such as machining, forming, rolling, casting and heat treatment. Quaker Houghton serves customers across industries including steel, aluminum, automotive, aerospace, mining, construction, energy and general manufacturing.

The company traces its history to Quaker Chemical, which was founded in 1918.