Stepan (SCL) Receives Consensus Rating of “Hold” from Analysts

Stepan (NYSE:SCL) has been given an average rating of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $35.60.

SCL has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. National Bank Financial upgraded shares of Stepan from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $35.00 in a research note on Wednesday, October 11th. TD Securities reiterated a “buy” rating and set a $33.00 price target on shares of Stepan in a research note on Sunday, September 24th. Finally, Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price target on the stock in a research note on Tuesday, November 14th.

In other news, VP Arthur W. Mergner sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $81.16, for a total transaction of $81,160.00. Following the completion of the transaction, the vice president now directly owns 2,960 shares of the company’s stock, valued at $240,233.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Debra Stefaniak sold 818 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total value of $67,615.88. Following the transaction, the vice president now directly owns 6,616 shares of the company’s stock, valued at $546,878.56. The disclosure for this sale can be found here. Insiders have sold 2,650 shares of company stock worth $215,793 over the last quarter. Insiders own 13.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in SCL. Schwab Charles Investment Management Inc. grew its position in shares of Stepan by 2.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 147,321 shares of the basic materials company’s stock worth $12,838,000 after buying an additional 3,263 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Stepan by 107.8% during the second quarter. SG Americas Securities LLC now owns 5,105 shares of the basic materials company’s stock worth $445,000 after buying an additional 2,648 shares in the last quarter. Legal & General Group Plc grew its position in shares of Stepan by 9.0% during the second quarter. Legal & General Group Plc now owns 38,263 shares of the basic materials company’s stock worth $3,333,000 after buying an additional 3,166 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Stepan by 67.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the basic materials company’s stock worth $613,000 after buying an additional 2,827 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Stepan by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,254 shares of the basic materials company’s stock worth $196,000 after buying an additional 337 shares in the last quarter. 63.19% of the stock is owned by institutional investors and hedge funds.

Shares of Stepan (SCL) traded down $1.16 on Tuesday, reaching $78.29. 47,797 shares of the company traded hands, compared to its average volume of 64,050. The stock has a market cap of $1,790.00, a price-to-earnings ratio of 19.92 and a beta of 1.30. Stepan has a 12-month low of $68.51 and a 12-month high of $92.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.08 and a current ratio of 2.64.

Stepan (NYSE:SCL) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.17). The company had revenue of $487.81 million during the quarter, compared to analysts’ expectations of $469.75 million. Stepan had a net margin of 4.81% and a return on equity of 13.98%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share. research analysts anticipate that Stepan will post 4.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, November 29th. This is a positive change from Stepan’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 1.15%. Stepan’s dividend payout ratio is 22.90%.

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About Stepan

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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