ValuEngine upgraded shares of Stepan (NYSE:SCL) from a hold rating to a buy rating in a report published on Friday.
Separately, Zacks Investment Research raised shares of Stepan from a strong sell rating to a hold rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Stepan has a consensus rating of Hold and a consensus price target of $35.60.
Shares of SCL opened at $87.62 on Friday. The company has a market cap of $1,935.31, a P/E ratio of 18.84 and a beta of 1.09. The company has a quick ratio of 1.92, a current ratio of 2.46 and a debt-to-equity ratio of 0.36. Stepan has a twelve month low of $68.75 and a twelve month high of $92.97.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.39. Stepan had a net margin of 4.76% and a return on equity of 15.20%. The company had revenue of $473.82 million during the quarter, compared to the consensus estimate of $457.95 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. sell-side analysts anticipate that Stepan will post 5.17 EPS for the current fiscal year.
In other Stepan news, VP Frank Pacholec sold 6,000 shares of Stepan stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $86.52, for a total value of $519,120.00. Following the completion of the sale, the vice president now owns 40,120 shares of the company’s stock, valued at approximately $3,471,182.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Gregory Servatius sold 2,479 shares of Stepan stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $85.22, for a total transaction of $211,260.38. Following the completion of the sale, the vice president now directly owns 48,620 shares of the company’s stock, valued at approximately $4,143,396.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,023 shares of company stock valued at $3,958,109. 12.60% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position 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 worth $86,928,000 after purchasing an additional 27,413 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Stepan by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 414,358 shares of the basic materials company’s stock worth $32,721,000 after acquiring an additional 9,225 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Stepan by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 343,500 shares of the basic materials company’s stock worth $27,126,000 after acquiring an additional 9,000 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Stepan by 53.9% during the 4th quarter. Millennium Management LLC now owns 197,485 shares of the basic materials company’s stock worth $15,595,000 after acquiring an additional 69,130 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Stepan by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 181,175 shares of the basic materials company’s stock worth $14,306,000 after acquiring an additional 15,172 shares during the last quarter. 65.65% of the stock is owned by institutional investors and hedge funds.
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Stepan Company Profile
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. The company operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, and lubricating ingredients.
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