Stepan (SCL) Rating Reiterated by Seaport Global Securities

Stepan (NYSE:SCL)‘s stock had its “hold” rating reissued by stock analysts at Seaport Global Securities in a research report issued on Monday. They currently have a $95.00 target price on the basic materials company’s stock. Seaport Global Securities’ target price would indicate a potential upside of 13.39% from the company’s current price.

Several other research firms also recently commented on SCL. Zacks Investment Research raised Stepan from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Wednesday, September 26th. ValuEngine raised Stepan from a “sell” rating to a “hold” rating in a research report on Friday, July 20th.

Stepan stock opened at $83.78 on Monday. Stepan has a 12 month low of $68.09 and a 12 month high of $90.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.90 and a current ratio of 2.49. The company has a market capitalization of $1.90 billion, a PE ratio of 18.02 and a beta of 1.17.

Stepan (NYSE:SCL) last posted its earnings results on Wednesday, October 24th. The basic materials company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.00 by $0.11. Stepan had a return on equity of 15.02% and a net margin of 4.78%. The company had revenue of $508.00 million for the quarter, compared to the consensus estimate of $504.20 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts anticipate that Stepan will post 4.61 EPS for the current year.

In related news, VP Arthur W. Mergner sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $83.75, for a total value of $125,625.00. Following the completion of the sale, the vice president now directly owns 9,225 shares in the company, valued at $772,593.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward J. Wehmer sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $84.91, for a total value of $118,874.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,124 shares of company stock valued at $352,647. 12.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Stepan by 6.7% in the second quarter. BlackRock Inc. now owns 2,810,899 shares of the basic materials company’s stock valued at $219,279,000 after buying an additional 176,940 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stepan by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,086,248 shares of the basic materials company’s stock worth $84,738,000 after purchasing an additional 29,481 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Stepan by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 415,094 shares of the basic materials company’s stock worth $32,383,000 after purchasing an additional 8,178 shares during the last quarter. Northern Trust Corp lifted its stake in Stepan by 10.0% during the second quarter. Northern Trust Corp now owns 307,891 shares of the basic materials company’s stock worth $24,019,000 after purchasing an additional 28,066 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Stepan by 0.4% during the first quarter. Allianz Asset Management GmbH now owns 299,940 shares of the basic materials company’s stock worth $24,949,000 after purchasing an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 67.69% of the company’s stock.

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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