According to Zacks, “Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and then made into a variety of end products. They have three reportable segments: surfactants, polymers and specialty products. “
Other analysts have also recently issued reports about the stock. Seaport Global Securities lifted their target price on shares of Stepan from $66.00 to $70.00 and gave the company a neutral rating in a research note on Wednesday, August 24th. National Bank Financial upgraded shares of Stepan from a sector perform rating to an outperform rating and lifted their target price for the company from $32.00 to $37.00 in a research note on Monday, August 15th. Finally, TD Securities reduced their target price on shares of Stepan from $39.00 to $37.00 and set a buy rating for the company in a research note on Friday, August 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stepan presently has a consensus rating of Hold and a consensus target price of $48.60.
Shares of Stepan (NYSE:SCL) opened at 72.03 on Wednesday. Stepan has a 12-month low of $40.72 and a 12-month high of $72.54. The company’s 50-day moving average is $69.70 and its 200-day moving average is $61.56. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 17.69 and a beta of 1.22.
Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.14. Stepan had a net margin of 5.29% and a return on equity of 16.78%. The firm had revenue of $454.60 million for the quarter, compared to the consensus estimate of $453.45 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that Stepan will post ($0.35) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, August 29th. Stepan’s payout ratio is 18.67%.
In related news, VP Gregory Servatius sold 1,000 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $62.80, for a total transaction of $62,800.00. Following the transaction, the vice president now owns 24,731 shares of the company’s stock, valued at $1,553,106.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO F Quinn Stepan, Jr. sold 32,000 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $63.46, for a total transaction of $2,030,720.00. Following the transaction, the chief executive officer now directly owns 157,247 shares in the company, valued at approximately $9,978,894.62. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Stepan during the fourth quarter worth about $13,923,000. Virginia Retirement System bought a new position in shares of Stepan during the first quarter worth about $1,360,000. Teachers Advisors Inc. raised its position in shares of 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 raised its position in shares of Stepan by 7.4% in the first quarter. BlackRock Group LTD now owns 27,986 shares of the company’s stock worth $1,547,000 after buying an additional 1,937 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Stepan by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,170,488 shares of the company’s stock worth $64,716,000 after buying an additional 6,952 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.
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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