Stepan (NYSE:SCL) Reaches New 1-Year Low at $95.03

Stepan (NYSE:SCLGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $95.03 and last traded at $95.78, with a volume of 138800 shares trading hands. The stock had previously closed at $96.09.

Several analysts have issued reports on the company. StockNews.com cut Stepan from a “buy” rating to a “hold” rating in a research note on Friday, May 20th. TheStreet upgraded Stepan from a “c+” rating to a “b” rating in a research note on Monday, June 6th.

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 business has a 50-day moving average price of $104.51 and a two-hundred day moving average price of $108.55. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 15.75 and a beta of 0.69.

Stepan (NYSE:SCLGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.45. The business had revenue of $675.28 million for the quarter, compared to analysts’ expectations of $620.07 million. Stepan had a return on equity of 13.19% and a net margin of 5.72%. During the same period in the prior year, the firm earned $1.82 EPS. On average, equities research analysts predict that Stepan will post 6.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were given a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, May 27th. Stepan’s dividend payout ratio is currently 21.97%.

A number of institutional investors and hedge funds have recently bought and sold shares of SCL. BlackRock Inc. increased its position in Stepan by 7.4% in the 4th quarter. BlackRock Inc. now owns 3,621,826 shares of the basic materials company’s stock valued at $450,157,000 after acquiring an additional 248,743 shares during the period. Norges Bank bought a new position in Stepan during the 4th quarter valued at $23,227,000. State Street Corp boosted its stake in Stepan by 9.6% during the 1st quarter. State Street Corp now owns 1,730,137 shares of the basic materials company’s stock valued at $170,955,000 after purchasing an additional 151,926 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Stepan during the 4th quarter valued at $16,746,000. Finally, Westwood Holdings Group Inc. boosted its stake in Stepan by 27.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 548,536 shares of the basic materials company’s stock valued at $68,178,000 after purchasing an additional 118,087 shares in the last quarter. Hedge funds and other institutional investors own 76.75% of the company’s stock.

About Stepan (NYSE:SCL)

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.

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for Stepan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan and related companies with MarketBeat.com's FREE daily email newsletter.