Stepan Co. (SCL) Given Consensus Rating of “Hold” by Brokerages
Stepan Co. (NYSE:SCL) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.00.
A number of equities research analysts have recently weighed in on SCL shares. TD Securities dropped their price target on Stepan from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. Zacks Investment Research lowered Stepan from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Seaport Global Securities boosted their price target on Stepan from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Finally, National Bank Financial upgraded Stepan from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $32.00 to $37.00 in a research note on Monday, August 15th.
Shares of Stepan (NYSE:SCL) opened at 79.845 on Wednesday. Stepan has a 12-month low of $41.42 and a 12-month high of $80.59. The company has a 50-day moving average of $73.63 and a 200 day moving average of $66.76. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 20.621 and a beta of 1.13.
Stepan (NYSE:SCL) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.11. Stepan had a return on equity of 16.74% and a net margin of 5.03%. The business had revenue of $445.03 million for the quarter, compared to analyst estimates of $444.65 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Analysts predict that Stepan will post $4.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.205 per share. This is an increase from Stepan’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.02%. Stepan’s payout ratio is 19.64%.
In other Stepan news, VP Gregory Servatius sold 4,832 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $74.86, for a total value of $361,723.52. Following the completion of the transaction, the vice president now directly owns 19,343 shares of the company’s stock, valued at $1,448,016.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Debra Stefaniak sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $77.63, for a total value of $77,630.00. Following the completion of the transaction, the vice president now directly owns 6,497 shares of the company’s stock, valued at $504,362.11. The disclosure for this sale can be found here. Corporate insiders own 14.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of Stepan by 12.2% in the third quarter. Victory Capital Management Inc. now owns 1,523 shares of the company’s stock worth $111,000 after buying an additional 166 shares during the last quarter. Societe Generale bought a new position in shares of Stepan during the second quarter worth about $125,000. SG Americas Securities LLC bought a new position in shares of Stepan during the second quarter worth about $125,000. PineBridge Investments L.P. increased its position in shares of Stepan by 3.9% in the second quarter. PineBridge Investments L.P. now owns 2,321 shares of the company’s stock worth $138,000 after buying an additional 88 shares during the last quarter. Finally, Crow Point Partners LLC bought a new position in shares of Stepan during the third quarter worth about $142,000. 61.46% of the stock is owned by institutional investors.
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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