Stepan (SCL) Receives Average Recommendation of “Hold” from Brokerages

Stepan (NYSE:SCL) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.60.

Separately, Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th.

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Stepan stock traded down $1.93 during mid-day trading on Friday, reaching $81.35. The company’s stock had a trading volume of 55,484 shares, compared to its average volume of 103,813. The firm has a market cap of $1,831.51, a P/E ratio of 20.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.46 and a quick ratio of 1.92. Stepan has a fifty-two week low of $68.75 and a fifty-two week high of $92.97.

Stepan (NYSE:SCL) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.39. The business had revenue of $473.82 million during the quarter, compared to the consensus estimate of $457.95 million. Stepan had a return on equity of 15.20% and a net margin of 4.76%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. equities research analysts expect that Stepan will post 5.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a dividend of $0.225 per share. The ex-dividend date was Friday, March 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.11%. Stepan’s dividend payout ratio is currently 22.96%.

In other Stepan news, VP Frank Pacholec sold 6,000 shares of Stepan stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $86.52, for a total transaction of $519,120.00. Following the transaction, the vice president now owns 40,120 shares of the company’s stock, valued at approximately $3,471,182.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jennifer Ansbro Hale sold 2,044 shares of Stepan stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $77.25, for a total transaction of $157,899.00. Following the transaction, the vice president now directly owns 6,131 shares in the company, valued at approximately $473,619.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,023 shares of company stock worth $3,958,109. Insiders own 13.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC bought a new position in shares of Stepan during the 4th quarter worth approximately $240,000. MetLife Investment Advisors LLC bought a new position in shares of Stepan during the 4th quarter worth approximately $728,000. Gotham Asset Management LLC bought a new position in shares of Stepan during the 4th quarter worth approximately $587,000. Millennium Management LLC lifted its position in shares of Stepan by 53.9% during the 4th quarter. Millennium Management LLC now owns 197,485 shares of the basic materials company’s stock worth $15,595,000 after buying an additional 69,130 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Stepan by 15.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 130,717 shares of the basic materials company’s stock worth $10,323,000 after purchasing an additional 17,731 shares during the period. 65.65% of the stock is currently owned by hedge funds and other institutional investors.

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Stepan Company Profile

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

Analyst Recommendations for Stepan (NYSE:SCL)

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