Analysis: Stepan Co (NYSE:SCL) Stock Target Raised Today
In recent note sent to investors and clients by RBC Capital Markets on Friday, 18 December, the firm, Stepan Co (NYSE:SCL), had their target lowered to $34.00. Analusts now have a solid Sector Perform rating on the stock.
The stock decreased 4.52% or $2.33 on December 18, striking $49.19. Approximately 213,806 shares of stock traded hands or 148.15% up from the average. Stepan Company (NYSE:SCL) has declined 2.32% since May 18, 2015 and is downtrending. It has outperformed by 1.49% the S&P500.
The overall sentiment of institutions has decreased to 0.95 in Q2 2015. Its down 0.31, from 1.26 in 2015Q2. The ratio is negative, as 19 institutions have sold all the shares of Stepan Company that they owned while 55 funds have taken shares off the table. 6 funds have purchased shares for the first time while 64 added to their positions. These institutions now hold 11.57 million shares or 8.59% less than the 12.66 million shares they owned in 2015Q2.
The Fund Zpr Investment Management currently is holding shares equating to 4.85% of its total portfolio in Stepan Company representing a total of 95,380 shares. Another fund,Euclidean Technologies Management Llc, is holding a total of 54,653 shares equating to 2.38% of their holdings. Additionally, Grace & White Inc Ny has a 174,058 share stake in Stepan Company which represents 1.67% of their total portfolio. The Fund, Piermont Capital Management Inc., based out of Missouri, has also built up a stake in the stock, which represents a total of 0.67% of their total portfolio. Finally Capital Management Associates Ny, a fund which is based in the state of New York reported a total holdings of 10,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 11, 2015, shareholders of Stepan Company have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $47,010 . Mergner Arthur W sold 1,000 shares worth approximately $47,010.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The company has a market cap of $1.15 billion. The Firm has three divisions: surfactants, polymers and specialty products. It has 16.21 P/E ratio. The Company’s Surfactants segment offers products, which are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos and body washes.
According to Zacks Investment Research, “Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and then made into a variety of end products. They have three reportable segments: surfactants, polymers and specialty products.”