Quaker Houghton (NYSE:KWR) Stock Has Consensus Target Price of $188.00 According to Brokerages

Quaker Houghton (NYSE:KWR) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $188.00.

A number of research analysts have commented on KWR shares. Deutsche Bank Aktiengesellschaft upped their price objective on Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Royal Bank Of Canada lifted their target price on Quaker Houghton from $198.00 to $202.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Weiss Ratings raised shares of Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Truist Financial reissued a “buy” rating and issued a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a research report on Monday, August 3rd.

Quaker Houghton Trading Down 0.6%

Shares of NYSE:KWR opened at $155.66 on Thursday. Quaker Houghton has a 12-month low of $112.18 and a 12-month high of $183.01. The business has a 50 day moving average of $159.75 and a 200-day moving average of $151.65. The company has a quick ratio of 1.70, a current ratio of 2.46 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.68 billion, a PE ratio of 27.75, a P/E/G ratio of 1.05 and a beta of 1.40.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.53. The company had revenue of $532.55 million for the quarter, compared to analyst estimates of $504.63 million. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 earnings per share. As a group, equities research analysts forecast that Quaker Houghton will post 7.85 earnings per share for the current year.

Quaker Houghton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a $0.53 dividend. This is a positive change from Quaker Houghton’s previous quarterly dividend of $0.5080. The ex-dividend date is Friday, October 16th. This represents a $2.12 annualized dividend and a yield of 1.4%. Quaker Houghton’s dividend payout ratio is presently 37.79%.

Insiders Place Their Bets

In other Quaker Houghton news, Director William Osborne sold 600 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $168.31, for a total value of $100,986.00. Following the completion of the sale, the director owned 616 shares of the company’s stock, valued at $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 is available at the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.