SCL has been the topic of several other research reports. TD Securities reiterated a buy rating and issued a $39.00 price objective on shares of Stepan Company in a report on Thursday, November 10th. Zacks Investment Research downgraded Stepan Company from a buy rating to a hold rating in a report on Wednesday, September 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Stepan Company presently has an average rating of Buy and an average target price of $51.00.
Shares of Stepan Company (NYSE:SCL) traded down 0.75% on Tuesday, reaching $80.60. The company’s stock had a trading volume of 43,173 shares. The company has a market cap of $1.81 billion, a P/E ratio of 20.82 and a beta of 1.19. The company’s 50 day moving average price is $82.40 and its 200 day moving average price is $72.11. Stepan Company has a 12-month low of $41.42 and a 12-month high of $87.00.
Stepan Company (NYSE:SCL) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The firm had revenue of $445.03 million for the quarter, compared to the consensus estimate of $444.65 million. Stepan Company had a return on equity of 16.74% and a net margin of 5.03%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. Analysts forecast that Stepan Company will post $4.35 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Monday, November 28th. This is an increase from Stepan Company’s previous quarterly dividend of $0.19. Stepan Company’s payout ratio is currently 21.19%.
In other Stepan Company news, VP Debra Stefaniak sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $77.63, for a total transaction of $77,630.00. Following the transaction, the vice president now owns 6,497 shares in the company, valued at approximately $504,362.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Arthur W. Mergner sold 2,438 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $69.82, for a total value of $170,221.16. Following the transaction, 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. Corporate insiders own 14.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Stepan Company 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 period. Crow Point Partners LLC purchased a new position in Stepan Company during the third quarter worth $142,000. Societe Generale purchased a new position in Stepan Company during the second quarter worth $125,000. SG Americas Securities LLC purchased a new position in Stepan Company during the second quarter worth $125,000. Finally, PineBridge Investments L.P. increased its position in Stepan Company 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 period. Hedge funds and other institutional investors own 61.44% of the company’s stock.
Stepan Company 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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