Stepan Co. (SCL) VP Debra Stefaniak Sells 1,000 Shares
Stepan Co. (NYSE:SCL) VP Debra Stefaniak sold 1,000 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $77.63, for a total transaction of $77,630.00. Following the completion of the sale, the vice president now owns 6,497 shares in the company, valued at approximately $504,362.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Stepan Co. (NYSE:SCL) traded up 1.404% on Tuesday, hitting $79.085. The company’s stock had a trading volume of 15,859 shares. The stock’s 50-day moving average price is $73.02 and its 200-day moving average price is $66.37. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 20.425 and a beta of 1.13. Stepan Co. has a 52 week low of $41.42 and a 52 week high of $79.87.
Stepan (NYSE:SCL) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. Stepan had a return on equity of 16.74% and a net margin of 5.03%. The business had revenue of $445.03 million for the quarter, compared to analysts’ expectations of $444.65 million. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts expect that Stepan Co. will post $4.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, November 28th. This is a boost from Stepan’s previous quarterly dividend of $0.19. Stepan’s dividend payout ratio is 19.64%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of Stepan by 0.7% in the second quarter. California State Teachers Retirement System now owns 41,181 shares of the company’s stock worth $2,452,000 after buying an additional 296 shares in the last quarter. Chicago Equity Partners LLC raised its position in shares of Stepan by 89.6% in the second quarter. Chicago Equity Partners LLC now owns 41,025 shares of the company’s stock worth $2,442,000 after buying an additional 19,390 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Stepan during the second quarter worth approximately $2,394,000. Foundry Partners LLC purchased a new position in shares of Stepan during the second quarter worth approximately $6,704,000. Finally, Capstone Asset Management Co. raised its position in shares of Stepan by 1.0% in the second quarter. Capstone Asset Management Co. now owns 7,333 shares of the company’s stock worth $437,000 after buying an additional 70 shares in the last quarter. 60.87% of the stock is currently owned by hedge funds and other institutional investors.
SCL has been the topic of a number of recent research reports. National Bank Financial upgraded shares of Stepan from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $32.00 to $37.00 in a research note on Monday, August 15th. TD Securities decreased their price target on shares of Stepan from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. Seaport Global Securities lifted their price target on shares of Stepan from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Finally, Zacks Investment Research downgraded shares of Stepan from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.00.
Stepan Company Profile
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three segments: Surfactants, Polymers and Specialty Products. 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.
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