Principal Financial Group Inc. Buys 2,285 Shares of Quaker Chemical Co. (NYSE:KWR)

Principal Financial Group Inc. grew its stake in shares of Quaker Chemical Co. (NYSE:KWR) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,761 shares of the specialty chemicals company’s stock after purchasing an additional 2,285 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Quaker Chemical worth $10,383,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of KWR. Raymond James & Associates boosted its stake in shares of Quaker Chemical by 4.7% during the 3rd quarter. Raymond James & Associates now owns 34,728 shares of the specialty chemicals company’s stock valued at $5,851,000 after purchasing an additional 1,549 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Quaker Chemical by 1.0% during the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock worth $2,191,000 after acquiring an additional 123 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Quaker Chemical by 112.8% during the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after acquiring an additional 4,720 shares in the last quarter. Atria Investments Inc boosted its stake in Quaker Chemical by 41.1% during the third quarter. Atria Investments Inc now owns 2,641 shares of the specialty chemicals company’s stock worth $445,000 after acquiring an additional 769 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Quaker Chemical by 12.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 11,794 shares of the specialty chemicals company’s stock worth $1,987,000 after acquiring an additional 1,329 shares in the last quarter. Institutional investors own 77.46% of the company’s stock.

Quaker Chemical Trading Down 0.0 %

Shares of NYSE KWR opened at $139.01 on Friday. The firm’s 50 day moving average price is $138.19 and its 200-day moving average price is $153.64. The company has a market cap of $2.47 billion, a PE ratio of 20.38, a P/E/G ratio of 1.62 and a beta of 1.39. Quaker Chemical Co. has a 52-week low of $124.66 and a 52-week high of $207.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.29). The firm had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same quarter in the prior year, the company posted $1.78 EPS. On average, equities research analysts expect that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a dividend yield of 1.40%. Quaker Chemical’s payout ratio is 28.45%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $172.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday. Piper Sandler reissued a “neutral” rating and set a $170.00 price objective (down previously from $200.00) on shares of Quaker Chemical in a research note on Tuesday, January 7th. StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

About Quaker Chemical

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.