StockNews.com Lowers Stepan (NYSE:SCL) to Hold

StockNews.com downgraded shares of Stepan (NYSE:SCLGet Rating) from a buy rating to a hold rating in a research note released on Wednesday.

SCL has been the topic of a number of other reports. Zacks Investment Research raised shares of Stepan from a sell rating to a hold rating in a report on Saturday, April 23rd. Seaport Res Ptn reissued a neutral rating on shares of Stepan in a report on Tuesday, January 18th. Finally, TheStreet lowered shares of Stepan from a b- rating to a c+ rating in a report on Tuesday, March 8th.

Shares of Stepan stock opened at $105.74 on Wednesday. The firm has a market capitalization of $2.36 billion, a PE ratio of 17.33 and a beta of 0.70. The company has a current ratio of 1.77, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $100.71 and its 200 day moving average is $111.00. Stepan has a 1 year low of $95.28 and a 1 year high of $138.45.

Stepan (NYSE:SCLGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.45. Stepan had a net margin of 5.72% and a return on equity of 13.19%. During the same quarter last year, the firm posted $1.82 EPS. As a group, research analysts anticipate that Stepan will post 6.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be given a $0.335 dividend. The ex-dividend date is Friday, May 27th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.27%. Stepan’s dividend payout ratio (DPR) is currently 21.97%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Stepan in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its position in shares of Stepan by 187.4% in the 1st quarter. Quadrant Capital Group LLC now owns 296 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 193 shares during the period. FMR LLC lifted its position in shares of Stepan by 189.0% in the 1st quarter. FMR LLC now owns 341 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 223 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of Stepan by 13.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,345 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 157 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Stepan in the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.

About Stepan (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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