Bank of Montreal Can Purchases Shares of 2,125 Quaker Chemical Co. (NYSE:KWR)

Bank of Montreal Can purchased a new stake in shares of Quaker Chemical Co. (NYSE:KWR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,125 shares of the specialty chemicals company’s stock, valued at approximately $416,000.

A number of other large investors have also made changes to their positions in KWR. Belpointe Asset Management LLC grew its stake in shares of Quaker Chemical by 65.0% during the 1st quarter. Belpointe Asset Management LLC now owns 193 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Strs Ohio bought a new stake in shares of Quaker Chemical during the 1st quarter valued at about $39,000. HM Payson & Co. bought a new stake in shares of Quaker Chemical during the 2nd quarter valued at about $55,000. Capital Advisors Ltd. LLC grew its stake in shares of Quaker Chemical by 7,375.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 299 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 295 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of Quaker Chemical during the 1st quarter valued at approximately $59,000. 77.46% of the stock is currently owned by institutional investors.

Quaker Chemical Trading Up 1.6 %

Shares of NYSE:KWR opened at $175.26 on Friday. The stock has a 50 day moving average of $156.97 and a 200 day moving average of $178.43. The company has a current ratio of 2.74, a quick ratio of 2.03 and a debt-to-equity ratio of 0.60. Quaker Chemical Co. has a 12-month low of $138.67 and a 12-month high of $216.45. The company has a market cap of $3.15 billion, a PE ratio of 194.73, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43.

Quaker Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a $0.455 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $1.82 dividend on an annualized basis and a yield of 1.04%. Quaker Chemical’s dividend payout ratio is presently 202.22%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $232.00 price objective on shares of Quaker Chemical in a research note on Thursday, September 28th. StockNews.com assumed coverage on Quaker Chemical in a research note on Thursday, October 5th. They set a “hold” rating for the company.

Quaker Chemical Company Profile

Quaker Chemical Corporation, doing business as Quaker Houghton, develops, produces, and markets various formulated chemical specialty 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, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.