Stepan (NYSE:SCL) – Investment analysts at KeyCorp issued their Q3 2018 earnings estimates for Stepan in a research note issued to investors on Tuesday. KeyCorp analyst M. Sison expects that the basic materials company will post earnings per share of $1.20 for the quarter.

Several other analysts also recently weighed in on SCL. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. TD Securities reiterated a “buy” rating and set a $33.00 price target on shares of Stepan in a research note on Sunday, September 24th. Scotiabank upgraded Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price target on the stock in a research note on Tuesday, November 14th. Finally, National Bank Financial boosted their price target on Stepan from $35.00 to $36.00 in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Stepan has a consensus rating of “Hold” and a consensus price target of $35.60.

Stepan (NYSE:SCL) traded up $0.33 during trading on Thursday, reaching $78.97. The company’s stock had a trading volume of 149,700 shares, compared to its average volume of 85,509. The company has a current ratio of 2.64, a quick ratio of 2.08 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1,771.18, a P/E ratio of 20.46 and a beta of 1.30. Stepan has a twelve month low of $68.51 and a twelve month high of $92.97.

Stepan (NYSE:SCL) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.17). Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business had revenue of $487.81 million for the quarter, compared to analysts’ expectations of $469.75 million. During the same quarter last year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year.

In other news, VP Debra Stefaniak sold 818 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total value of $67,615.88. Following the sale, the vice president now owns 6,616 shares in the company, valued at $546,878.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Frank Pacholec sold 832 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $80.55, for a total value of $67,017.60. Following the completion of the sale, the vice president now owns 49,429 shares in the company, valued at approximately $3,981,505.95. The disclosure for this sale can be found here. Insiders sold 2,650 shares of company stock worth $215,793 in the last 90 days. Company insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Stepan by 2.8% in the 2nd quarter. BlackRock Inc. now owns 2,597,255 shares of the basic materials company’s stock worth $226,324,000 after purchasing an additional 71,360 shares during the period. Vanguard Group Inc. raised its holdings in Stepan by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,151,859 shares of the basic materials company’s stock worth $187,513,000 after purchasing an additional 12,781 shares during the period. Dimensional Fund Advisors LP raised its holdings in Stepan by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,039,062 shares of the basic materials company’s stock worth $86,928,000 after purchasing an additional 27,413 shares during the period. State Street Corp raised its holdings in Stepan by 2.4% in the 2nd quarter. State Street Corp now owns 498,724 shares of the basic materials company’s stock worth $43,455,000 after purchasing an additional 11,518 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Stepan by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 405,133 shares of the basic materials company’s stock worth $33,892,000 after purchasing an additional 7,741 shares during the period. Hedge funds and other institutional investors own 63.19% of the company’s stock.

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About Stepan

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

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