Updating Quaker Chemical Corp., Buckeye Partners L.P., and Stanley Black & Decker Inc.

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QUAKER CHEMICAL CORP. $78 (www.quakerchem.com) has purchased ECLI Products, an Illinois-based maker of greases for customers in the automotive, aerospace and natural resource industries. The company paid $52 million for ECLI, which is equal to 92% of its 2013 earnings of $56.3 million, or $4.27 a share ($3.84 a share without unusual items). The new operations look like a nice fit with Quaker’s main industrial lubricants products and will add $7 million to its annual gross earnings. However, Quaker trades at a high 19.2 times its forecast 2014 earnings of $4.07 a share. Hold. BUCKEYE PARTNERS L.P. $78 (www.buckeye.com) recently bought 20 oil terminals from Hess Corp. (New York symbol HES). However, due to losses at Buckeye’s fuel-trading division, its earnings fell 27.7% in the second quarter of 2014, to $61.9 million from $85.7 million a year earlier. The partnership sold units to help pay for the Hess assets. Due to more shares outstanding, earnings per share fell at a faster…