Thrivent Financial for Lutherans Has $2.23 Million Position in Quaker Chemical Co. (NYSE:KWR)

Thrivent Financial for Lutherans cut its holdings in Quaker Chemical Co. (NYSE:KWR) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,165 shares of the specialty chemicals company’s stock after selling 1,594 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Quaker Chemical worth $2,234,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in Quaker Chemical in the first quarter worth $25,000. First Pacific Financial acquired a new stake in shares of Quaker Chemical in the second quarter worth about $25,000. Mather Group LLC. bought a new stake in shares of Quaker Chemical during the 1st quarter worth about $41,000. Fifth Third Bancorp increased its holdings in shares of Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 77 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its stake in shares of Quaker Chemical by 20,700.0% in the 4th quarter. TFO Wealth Partners LLC now owns 416 shares of the specialty chemicals company’s stock valued at $89,000 after acquiring an additional 414 shares in the last quarter. 77.46% of the stock is owned by institutional investors.

Quaker Chemical Trading Down 3.1 %

Shares of Quaker Chemical stock opened at $163.31 on Wednesday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.90 and a beta of 1.37. Quaker Chemical Co. has a 1 year low of $138.67 and a 1 year high of $221.94. The company’s fifty day simple moving average is $167.06 and its 200-day simple moving average is $178.75. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50.

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

Quaker Chemical Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, October 17th. This is a positive change from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s dividend payout ratio (DPR) is presently 27.70%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KWR. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada lowered their target price on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, August 26th.

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.