Principal Financial Group Inc. Trims Position in NewMarket Co. (NYSE:NEU)

Principal Financial Group Inc. decreased its holdings in NewMarket Co. (NYSE:NEU) by 23.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,707 shares of the specialty chemicals company’s stock after selling 5,287 shares during the quarter. Principal Financial Group Inc. owned about 0.18% of NewMarket worth $9,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NEU. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NewMarket by 35.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the specialty chemicals company’s stock valued at $639,000 after purchasing an additional 321 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of NewMarket in the 2nd quarter valued at approximately $928,000. Van ECK Associates Corp boosted its position in shares of NewMarket by 30.0% during the second quarter. Van ECK Associates Corp now owns 3,656 shares of the specialty chemicals company’s stock valued at $1,885,000 after purchasing an additional 844 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of NewMarket during the second quarter valued at approximately $103,000. Finally, Natixis Advisors LLC grew its stake in NewMarket by 40.9% in the second quarter. Natixis Advisors LLC now owns 14,447 shares of the specialty chemicals company’s stock worth $7,448,000 after purchasing an additional 4,190 shares during the period. Institutional investors own 61.09% of the company’s stock.

NewMarket Stock Up 0.0 %

NYSE:NEU opened at $532.16 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.83 and a quick ratio of 1.50. The firm’s 50-day moving average price is $538.24 and its 200-day moving average price is $540.13. The company has a market capitalization of $5.11 billion, a PE ratio of 11.82 and a beta of 0.50. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00.

NewMarket (NYSE:NEU) last posted its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 EPS for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%. The business had revenue of $724.95 million for the quarter.

NewMarket Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, December 16th. NewMarket’s dividend payout ratio (DPR) is presently 22.21%.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.