Quaker Chemical Co. (NYSE:KWR) Plans Quarterly Dividend of $0.46

Quaker Chemical Co. (NYSE:KWR) announced a quarterly dividend on Wednesday, November 15th, RTT News reports. Investors of record on Wednesday, January 17th will be given a dividend of 0.455 per share by the specialty chemicals company on Wednesday, January 31st. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.04%.

Quaker Chemical has increased its dividend payment by an average of 3.6% annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Quaker Chemical has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quaker Chemical to earn $8.88 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 20.5%.

Quaker Chemical Stock Up 0.2 %

Shares of KWR opened at $175.73 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.74 and a quick ratio of 2.03. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 195.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. Quaker Chemical has a 1 year low of $138.67 and a 1 year high of $216.45. The business’s 50 day simple moving average is $156.72 and its 200-day simple moving average is $178.57.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KWR shares. Royal Bank of Canada restated an “outperform” rating and issued a $232.00 target price on shares of Quaker Chemical in a report on Thursday, September 28th. StockNews.com initiated coverage on Quaker Chemical in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Quaker Chemical

Several hedge funds have recently added to or reduced their stakes in KWR. Raymond James & Associates grew its stake in shares of Quaker Chemical by 2.5% during the first quarter. Raymond James & Associates now owns 24,633 shares of the specialty chemicals company’s stock valued at $4,257,000 after buying an additional 607 shares during the last quarter. Bank of New York Mellon Corp grew its position in Quaker Chemical by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 133,734 shares of the specialty chemicals company’s stock valued at $23,111,000 after acquiring an additional 544 shares during the last quarter. US Bancorp DE increased its stake in Quaker Chemical by 30.2% in the first quarter. US Bancorp DE now owns 754 shares of the specialty chemicals company’s stock worth $131,000 after purchasing an additional 175 shares during the period. MetLife Investment Management LLC lifted its position in shares of Quaker Chemical by 54.2% during the first quarter. MetLife Investment Management LLC now owns 7,035 shares of the specialty chemicals company’s stock worth $1,216,000 after purchasing an additional 2,473 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Quaker Chemical by 21.4% in the first quarter. Panagora Asset Management Inc. now owns 2,014 shares of the specialty chemicals company’s stock worth $348,000 after purchasing an additional 355 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors.

About Quaker Chemical

Quaker Chemical Corporation, doing business as Quaker Houghton, develops, produces, and markets various formulated chemical specialty 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.