Stepan Co. (SCL) Stock Rating Reaffirmed by TD Securities
Stepan Co. (NYSE:SCL)‘s stock had its “buy” rating reiterated by analysts at TD Securities in a research note issued on Thursday. They presently have a $39.00 price objective on the stock. TD Securities’ price target would suggest a potential downside of 49.66% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on SCL. National Bank Financial upgraded Stepan from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $32.00 to $37.00 in a research note on Monday, August 15th. Seaport Global Securities upped their price objective on Stepan from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Finally, Zacks Investment Research cut Stepan from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Stepan currently has an average rating of “Hold” and a consensus target price of $49.00.
Shares of Stepan (NYSE:SCL) opened at 77.48 on Thursday. Stepan has a 1-year low of $41.42 and a 1-year high of $77.62. The firm has a market cap of $1.74 billion, a P/E ratio of 20.01 and a beta of 1.13. The firm’s 50-day moving average is $72.02 and its 200-day moving average is $65.55.
Stepan (NYSE:SCL) last released its quarterly earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. Stepan had a return on equity of 16.74% and a net margin of 5.03%. The firm earned $445.03 million during the quarter, compared to the consensus estimate of $444.65 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Stepan will post $4.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, November 28th. This is a boost from Stepan’s previous quarterly dividend of $0.19. Stepan’s dividend payout ratio is 19.64%.
In related news, VP Frank Pacholec sold 1,500 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $70.00, for a total value of $105,000.00. Following the sale, the vice president now owns 52,989 shares in the company, valued at approximately $3,709,230. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Arthur W. Mergner sold 2,438 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $69.82, for a total value of $170,221.16. Following the completion of the sale, the vice president now owns 7,438 shares in the company, valued at approximately $519,321.16. The disclosure for this sale can be found here. 14.40% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Teachers Advisors Inc. boosted its stake in Stepan by 1.7% in the first quarter. Teachers Advisors Inc. now owns 32,500 shares of the company’s stock worth $1,797,000 after buying an additional 531 shares during the period. BlackRock Group LTD boosted its position in Stepan by 7.4% in the first quarter. BlackRock Group LTD now owns 27,986 shares of the company’s stock valued at $1,547,000 after buying an additional 1,937 shares during the last quarter. BlackRock Fund Advisors boosted its position in Stepan by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,170,488 shares of the company’s stock valued at $64,716,000 after buying an additional 6,952 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Stepan by 19.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 578,114 shares of the company’s stock valued at $31,964,000 after buying an additional 93,432 shares during the last quarter. Finally, AXA boosted its position in Stepan by 12.5% in the first quarter. AXA now owns 47,200 shares of the company’s stock valued at $2,610,000 after buying an additional 5,260 shares during the last quarter. Institutional investors and hedge funds own 59.74% of the company’s stock.
Stepan Company Profile
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three segments: Surfactants, Polymers and Specialty Products. The Company’s Surfactants segment offers products, which are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos and body washes.
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