Stepan (NYSE:SCL) Cut to Hold at StockNews.com

StockNews.com cut shares of Stepan (NYSE:SCLFree Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Stepan Price Performance

SCL stock opened at $83.57 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.97 and a current ratio of 1.38. Stepan has a 52 week low of $63.60 and a 52 week high of $96.96. The firm’s fifty day moving average is $85.42 and its 200 day moving average is $88.29. The firm has a market cap of $1.88 billion, a P/E ratio of 50.34 and a beta of 0.83.

Stepan (NYSE:SCLGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.29. The business had revenue of $551.40 million for the quarter, compared to analyst estimates of $575.83 million. Stepan had a net margin of 1.71% and a return on equity of 4.04%. The company’s revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Research analysts predict that Stepan will post 2.73 earnings per share for the current year.

Stepan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, May 31st. Stepan’s payout ratio is 90.36%.

Institutional Investors Weigh In On Stepan

A number of large investors have recently modified their holdings of SCL. Victory Capital Management Inc. lifted its position in Stepan by 5,436.3% during the 4th quarter. Victory Capital Management Inc. now owns 516,704 shares of the basic materials company’s stock valued at $48,854,000 after acquiring an additional 507,371 shares during the period. Norges Bank purchased a new position in Stepan in the fourth quarter worth about $12,869,000. First Eagle Investment Management LLC purchased a new position in Stepan in the fourth quarter worth about $4,883,000. UBS Group AG raised its holdings in Stepan by 62.2% in the third quarter. UBS Group AG now owns 87,114 shares of the basic materials company’s stock worth $6,531,000 after buying an additional 33,421 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Stepan by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,201,133 shares of the basic materials company’s stock worth $113,568,000 after buying an additional 31,641 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Stepan Company Profile

(Get Free Report)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection 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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