Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Stepan from a hold rating to a sell rating in a research note on Thursday, August 3rd. BidaskClub cut Stepan from a hold rating to a sell rating in a research note on Saturday, August 5th. TD Securities restated a buy rating and set a $33.00 target price on shares of Stepan in a research note on Sunday, September 24th. BMO Capital Markets decreased their target price on Stepan from $42.00 to $36.00 in a research note on Monday, August 14th. Finally, Wellington Shields cut Stepan from a buy rating to a hold rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Stepan has an average rating of Hold and a consensus target price of $35.60.
Shares of Stepan (NYSE SCL) traded up $0.56 during trading on Monday, reaching $80.01. The company had a trading volume of 53,500 shares, compared to its average volume of 73,773. Stepan has a 12 month low of $68.51 and a 12 month high of $92.97. The stock has a market cap of $1,790.00, a PE ratio of 19.28 and a beta of 1.28. The company has a quick ratio of 2.08, a current ratio of 2.64 and a debt-to-equity ratio of 0.38.
Stepan (NYSE:SCL) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Stepan had a net margin of 4.81% and a return on equity of 13.98%. The firm had revenue of $487.81 million for the quarter, compared to analysts’ expectations of $469.75 million. During the same quarter last year, the business earned $1.06 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. equities research analysts anticipate that Stepan will post 4.3 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.225 per share. This is a boost from Stepan’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, November 29th. This represents a $0.90 annualized dividend and a yield of 1.12%. Stepan’s payout ratio is presently 20.87%.
In other Stepan news, VP Arthur W. Mergner sold 1,000 shares of Stepan stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $81.16, for a total transaction of $81,160.00. Following the transaction, the vice president now owns 2,960 shares of the company’s stock, valued at $240,233.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Ross Boyce sold 872 shares of Stepan stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $77.00, for a total value of $67,144.00. Following the transaction, the director now directly owns 12,026 shares in the company, valued at approximately $926,002. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,371 shares of company stock worth $588,987. 13.10% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP increased its holdings in shares of Stepan by 71.1% in the third quarter. OxFORD Asset Management LLP now owns 5,612 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 2,333 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Stepan by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,039,062 shares of the basic materials company’s stock valued at $86,928,000 after purchasing an additional 27,413 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Stepan by 4.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 153,213 shares of the basic materials company’s stock valued at $12,818,000 after purchasing an additional 5,892 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Stepan by 384.9% in the third quarter. Wells Fargo & Company MN now owns 89,024 shares of the basic materials company’s stock valued at $7,448,000 after purchasing an additional 70,664 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Stepan by 33.5% in the third quarter. JPMorgan Chase & Co. now owns 97,933 shares of the basic materials company’s stock valued at $8,224,000 after purchasing an additional 24,579 shares during the period. 61.91% 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 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.
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