Stifel Nicolaus Trims Stepan (NYSE:SCL) Target Price to $133.00

Stepan (NYSE:SCLGet Rating) had its target price lowered by Stifel Nicolaus from $147.00 to $133.00 in a research report released on Friday morning, The Fly reports.

Several other research analysts have also weighed in on the company. StockNews.com lowered Stepan from a buy rating to a hold rating in a research report on Friday, May 20th. TheStreet raised Stepan from a c+ rating to a b rating in a research report on Monday, June 6th.

Stepan Stock Down 0.6 %

Shares of Stepan stock opened at $111.56 on Friday. The stock has a 50-day moving average price of $104.11 and a 200 day moving average price of $104.24. The company has a market cap of $2.49 billion, a P/E ratio of 17.14 and a beta of 0.75. The company has a current ratio of 1.70, a quick ratio of 1.27 and a debt-to-equity ratio of 0.34. Stepan has a 1 year low of $95.03 and a 1 year high of $129.35.

Stepan (NYSE:SCLGet Rating) last issued its earnings results on Wednesday, July 27th. The basic materials company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.40. Stepan had a return on equity of 13.95% and a net margin of 5.71%. The company had revenue of $751.60 million for the quarter, compared to analyst estimates of $692.40 million. During the same period in the prior year, the firm posted $1.81 EPS. The business’s revenue was up 26.2% compared to the same quarter last year. As a group, analysts expect that Stepan will post 6.86 EPS for the current fiscal year.

Stepan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, August 30th. Stepan’s dividend payout ratio is 20.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new stake in Stepan in the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its holdings in Stepan by 187.4% in the 1st quarter. Quadrant Capital Group LLC now owns 296 shares of the basic materials company’s stock valued at $29,000 after buying an additional 193 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Stepan by 13.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,527 shares of the basic materials company’s stock valued at $151,000 after buying an additional 182 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Stepan in the 4th quarter valued at approximately $212,000. Finally, Captrust Financial Advisors grew its holdings in Stepan by 55.9% in the 1st quarter. Captrust Financial Advisors now owns 1,755 shares of the basic materials company’s stock valued at $173,000 after buying an additional 629 shares during the last quarter. Institutional investors and hedge funds own 76.75% of the company’s stock.

Stepan Company Profile

(Get Rating)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. It 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, disinfectants, and lubricating ingredients.

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