Raymond James Financial Inc. Makes New Investment in Quaker Chemical Co. (NYSE:KWR)

Raymond James Financial Inc. bought a new stake in shares of Quaker Chemical Co. (NYSE:KWR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 205,866 shares of the specialty chemicals company’s stock, valued at approximately $28,978,000. Raymond James Financial Inc. owned approximately 1.16% of Quaker Chemical at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. HighTower Advisors LLC increased its holdings in Quaker Chemical by 30.7% during the 3rd quarter. HighTower Advisors LLC now owns 1,795 shares of the specialty chemicals company’s stock worth $312,000 after purchasing an additional 422 shares during the last quarter. Stifel Financial Corp grew its holdings in Quaker Chemical by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 14,316 shares of the specialty chemicals company’s stock worth $2,412,000 after acquiring an additional 1,117 shares in the last quarter. Barclays PLC raised its stake in shares of Quaker Chemical by 284.2% in the 3rd quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company’s stock valued at $4,784,000 after purchasing an additional 21,004 shares in the last quarter. Geode Capital Management LLC grew its stake in Quaker Chemical by 1.0% in the third quarter. Geode Capital Management LLC now owns 312,784 shares of the specialty chemicals company’s stock worth $52,713,000 after purchasing an additional 3,118 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Quaker Chemical by 12.8% during the third quarter. Franklin Resources Inc. now owns 13,483 shares of the specialty chemicals company’s stock valued at $2,184,000 after buying an additional 1,532 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Price Performance

Shares of NYSE:KWR opened at $101.87 on Friday. Quaker Chemical Co. has a 52 week low of $95.91 and a 52 week high of $197.03. The firm has a market capitalization of $1.80 billion, a P/E ratio of 14.94, a PEG ratio of 1.62 and a beta of 1.44. The firm’s 50 day moving average is $126.79 and its two-hundred day moving average is $142.70. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results 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 business had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. During the same period last year, the business posted $1.78 earnings per share. Analysts anticipate that Quaker Chemical Co. will post 7.75 earnings per share for the current year.

Quaker Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given 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 1.90%. Quaker Chemical’s dividend payout ratio (DPR) is 29.80%.

Analyst Ratings Changes

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

Quaker Chemical 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.