Principal Financial Group Inc. Has $17.29 Million Stake in Quaker Chemical Co. (NYSE:KWR)

Principal Financial Group Inc. decreased its position in Quaker Chemical Co. (NYSE:KWR) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 96,226 shares of the specialty chemicals company’s stock after selling 2,796 shares during the period. Principal Financial Group Inc.’s holdings in Quaker Chemical were worth $17,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its position in shares of Quaker Chemical by 104.5% in the third quarter. Harbor Investment Advisory LLC now owns 180 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Quaker Chemical in the second quarter valued at approximately $36,000. NEXT Financial Group Inc acquired a new position in shares of Quaker Chemical in the third quarter valued at approximately $51,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Quaker Chemical in the second quarter valued at approximately $84,000. Finally, Private Advisor Group LLC acquired a new position in shares of Quaker Chemical in the second quarter valued at approximately $91,000. 86.02% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on KWR. Zacks Investment Research cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. TheStreet upgraded Quaker Chemical from a “c+” rating to a “b-” rating in a research note on Wednesday.

Shares of KWR stock opened at $254.10 on Friday. The company has a current ratio of 3.00, a quick ratio of 2.39 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.53 billion, a P/E ratio of 705.85 and a beta of 1.43. The stock has a 50 day simple moving average of $206.63 and a 200 day simple moving average of $189.00. Quaker Chemical Co. has a 1 year low of $108.14 and a 1 year high of $272.31.

Quaker Chemical (NYSE:KWR) last issued its quarterly earnings results on Thursday, November 5th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.62. Quaker Chemical had a positive return on equity of 6.45% and a negative net margin of 2.46%. The business had revenue of $367.20 million during the quarter, compared to analysts’ expectations of $331.23 million. During the same period in the previous year, the company posted $1.56 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts forecast that Quaker Chemical Co. will post 3.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, January 14th. Quaker Chemical’s payout ratio is presently 27.10%.

In other Quaker Chemical news, CAO Shane Hostetter sold 776 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $203.15, for a total transaction of $157,644.40. Following the completion of the sale, the chief accounting officer now directly owns 1,695 shares in the company, valued at $344,339.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael F. Barry sold 15,000 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $194.92, for a total value of $2,923,800.00. Insiders have sold 15,851 shares of company stock valued at $3,096,669 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Quaker Chemical Company Profile

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. It operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. The company 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.

Further Reading: How to execute a trade ex-dividend strategy?

Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Chemical Co. (NYSE:KWR).

Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

Receive News & Ratings for Quaker Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical and related companies with MarketBeat.com's FREE daily email newsletter.