Stepan Company (SCL) Receives $35.60 Consensus PT from Brokerages

Stepan Company (NYSE:SCL) has been given an average recommendation of “Hold” by the ten research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.60.

A number of equities analysts recently weighed in on SCL shares. KeyCorp reissued a “hold” rating on shares of Stepan in a report on Friday, September 1st. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. TD Securities reissued a “buy” rating and set a $33.00 price objective on shares of Stepan in a report on Sunday, September 24th. National Bank Financial raised Stepan from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $35.00 in a report on Wednesday, October 11th. Finally, Scotiabank raised Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock in a report on Tuesday, November 14th.

Shares of Stepan (NYSE:SCL) traded up $0.34 during midday trading on Friday, hitting $80.18. The company had a trading volume of 75,298 shares, compared to its average volume of 74,534. The stock has a market cap of $1,798.24, a PE ratio of 19.38 and a beta of 1.29. The company has a current ratio of 2.64, a quick ratio of 2.08 and a debt-to-equity ratio of 0.38. Stepan has a 52 week low of $68.51 and a 52 week high of $92.97.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.17). The firm had revenue of $487.81 million for 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 business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. sell-side analysts anticipate that Stepan will post 4.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.225 dividend. This is a boost from Stepan’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, November 29th. Stepan’s payout ratio is 23.32%.

In other Stepan news, VP Frank Pacholec sold 832 shares of Stepan stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $80.55, for a total value of $67,017.60. Following the transaction, the vice president now directly owns 49,429 shares of the company’s stock, valued at approximately $3,981,505.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Debra Stefaniak sold 818 shares of Stepan stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total value of $67,615.88. Following the completion of the transaction, the vice president now directly owns 6,616 shares in the company, valued at $546,878.56. The disclosure for this sale can be found here. Insiders sold a total of 2,650 shares of company stock worth $215,793 over the last ninety days. Insiders own 13.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Stepan by 2.8% in the 2nd quarter. BlackRock Inc. now owns 2,597,255 shares of the basic materials company’s stock worth $226,324,000 after purchasing an additional 71,360 shares during the period. Vanguard Group Inc. grew its position in shares of Stepan by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,151,859 shares of the basic materials company’s stock worth $187,513,000 after buying an additional 12,781 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stepan by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,039,062 shares of the basic materials company’s stock worth $86,928,000 after buying an additional 27,413 shares during the last quarter. State Street Corp grew its position in shares of Stepan by 2.4% in the 2nd quarter. State Street Corp now owns 498,724 shares of the basic materials company’s stock worth $43,455,000 after buying an additional 11,518 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Stepan by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 405,133 shares of the basic materials company’s stock worth $33,892,000 after buying an additional 7,741 shares during the last quarter. 63.21% of the stock is currently owned by institutional investors and hedge funds.

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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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