Stepan Company (SCL) Receives Consensus Rating of “Hold” from Analysts
Stepan Company (NYSE:SCL) has been given an average recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.60.
Several brokerages have recently weighed in on SCL. 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. National Bank Financial lifted their price target on shares of Stepan from $35.00 to $36.00 in a research note on Monday, November 13th. Zacks Investment Research cut shares of Stepan from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. 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. Finally, KeyCorp restated a “hold” rating on shares of Stepan in a research note on Friday, September 1st.
Shares of Stepan (NYSE SCL) traded up $0.16 during trading on Friday, hitting $80.34. 47,407 shares of the stock traded hands, compared to its average volume of 74,322. The stock has a market cap of $1,805.86, a PE ratio of 19.46 and a beta of 1.29. Stepan has a 1-year low of $68.51 and a 1-year high of $92.97. The company has a quick ratio of 2.08, a current ratio of 2.64 and a debt-to-equity ratio of 0.38.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were 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 was Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.12%. Stepan’s payout ratio is 23.32%.
In related news, VP Debra Stefaniak sold 818 shares of Stepan stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $82.66, for a total transaction of $67,615.88. Following the transaction, the vice president now owns 6,616 shares in the company, valued at approximately $546,878.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Arthur W. Mergner sold 1,000 shares of Stepan stock in a transaction on Tuesday, November 7th. The shares were 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 in the company, valued at approximately $240,233.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,650 shares of company stock worth $215,793. 13.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SCL. BlackRock Inc. increased its holdings in Stepan by 2.8% in the 2nd quarter. BlackRock Inc. now owns 2,597,255 shares of the basic materials company’s stock valued at $226,324,000 after acquiring an additional 71,360 shares during the last quarter. Vanguard Group Inc. increased its holdings in Stepan by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,151,859 shares of the basic materials company’s stock valued at $187,513,000 after acquiring an additional 12,781 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 valued at $86,928,000 after acquiring an additional 27,413 shares during the last quarter. State Street Corp increased its holdings in Stepan by 2.4% in the 2nd quarter. State Street Corp now owns 498,724 shares of the basic materials company’s stock valued at $43,455,000 after acquiring an additional 11,518 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 valued at $33,892,000 after acquiring an additional 7,741 shares during the last quarter. Institutional investors own 63.19% of the company’s stock.
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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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