The Manufacturers Life Insurance Company Acquires 302 Shares of Quaker Chemical Co. (NYSE:KWR)

The Manufacturers Life Insurance Company boosted its holdings in Quaker Chemical Co. (NYSE:KWR) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,254 shares of the specialty chemicals company’s stock after purchasing an additional 302 shares during the period. The Manufacturers Life Insurance Company’s holdings in Quaker Chemical were worth $1,401,000 at the end of the most recent reporting period.

Other hedge funds have also 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 bought a new stake in Quaker Chemical in the second quarter worth $25,000. Mather Group LLC. purchased a new position in shares of Quaker Chemical in the first quarter valued at about $41,000. Fifth Third Bancorp increased its position in shares of Quaker Chemical by 36.8% in the second 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 period. Finally, nVerses Capital LLC purchased a new position in shares of Quaker Chemical in the second quarter valued at about $136,000. 77.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Royal Bank of Canada decreased their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.

Quaker Chemical Price Performance

Shares of KWR opened at $161.58 on Friday. The stock has a market cap of $2.91 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63. Quaker Chemical Co. has a fifty-two week low of $138.67 and a fifty-two week high of $221.94. The firm’s 50-day simple moving average is $163.90 and its two-hundred day simple moving average is $176.59.

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

Quaker Chemical Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, October 17th. This is a boost from Quaker Chemical’s previous quarterly dividend of $0.46. Quaker Chemical’s dividend payout ratio is 26.45%.

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.