Copeland Capital Management LLC Boosts Stake in Quaker Chemical Co. (NYSE:KWR)

Copeland Capital Management LLC grew its stake in Quaker Chemical Co. (NYSE:KWR) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388,719 shares of the specialty chemicals company’s stock after acquiring an additional 2,592 shares during the quarter. Copeland Capital Management LLC’s holdings in Quaker Chemical were worth $65,495,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Quaker Chemical by 337.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 224,008 shares of the specialty chemicals company’s stock worth $38,014,000 after buying an additional 172,750 shares during the last quarter. Marshall Wace LLP raised its stake in Quaker Chemical by 2,077.7% in the second quarter. Marshall Wace LLP now owns 138,239 shares of the specialty chemicals company’s stock valued at $23,459,000 after buying an additional 131,891 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Quaker Chemical by 1,080.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 82,600 shares of the specialty chemicals company’s stock worth $16,954,000 after acquiring an additional 75,600 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Quaker Chemical by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after purchasing an additional 46,240 shares during the last quarter. Finally, F M Investments LLC purchased a new stake in Quaker Chemical during the 2nd quarter worth approximately $5,189,000. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Trading Down 2.1 %

Quaker Chemical stock opened at $158.75 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.86 billion, a PE ratio of 24.16, a P/E/G ratio of 1.86 and a beta of 1.37. The stock’s 50 day simple moving average is $164.21 and its two-hundred day simple moving average is $174.54. Quaker Chemical Co. has a 12 month low of $138.67 and a 12 month high of $221.94.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.08). The firm had revenue of $463.57 million for the quarter, compared to analyst estimates of $493.68 million. Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 EPS. Analysts anticipate that Quaker Chemical Co. will post 8.3 earnings per share for the current year.

Quaker Chemical Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.485 dividend. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. The ex-dividend date is Thursday, October 17th. This represents a $1.94 dividend on an annualized basis and a yield of 1.22%. Quaker Chemical’s dividend payout ratio is presently 29.53%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lowered their price target on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th.

Quaker Chemical Company Profile

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.