Scott R. Behrens Sells 667 Shares of Stepan Company (SCL) Stock
Stepan Company (NYSE:SCL) VP Scott R. Behrens sold 667 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $77.64, for a total value of $51,785.88. Following the transaction, the vice president now directly owns 3,266 shares in the company, valued at approximately $253,572.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Stepan Company (SCL) traded down 0.19% on Friday, reaching $76.98. The company’s stock had a trading volume of 40,053 shares. The firm has a market capitalization of $1.73 billion, a PE ratio of 20.04 and a beta of 1.26. Stepan Company has a 52 week low of $66.97 and a 52 week high of $92.97. The stock’s 50 day moving average is $83.07 and its 200-day moving average is $82.03.
Stepan (NYSE:SCL) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by $0.02. Stepan had a return on equity of 14.95% and a net margin of 4.85%. The business had revenue of $495.10 million for the quarter, compared to analyst estimates of $472.35 million. During the same quarter in the previous year, the company earned $1.31 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Stepan Company will post $4.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.205 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.07%. Stepan’s payout ratio is presently 21.52%.
A number of research firms have commented on SCL. BidaskClub downgraded Stepan from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Industrial Alliance Securities raised Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Monday, May 29th. Zacks Investment Research raised Stepan from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a report on Thursday, May 4th. BMO Capital Markets reduced their target price on Stepan from $42.00 to $36.00 in a report on Monday, August 14th. Finally, National Bank Financial reduced their target price on Stepan from $40.00 to $27.00 and set a “sector perform” rating on the stock in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Stepan has a consensus rating of “Hold” and a consensus price target of $48.40.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. raised its stake in Stepan by 455.2% in the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock valued at $102,000 after buying an additional 965 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in Stepan by 1.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,568 shares of the basic materials company’s stock valued at $124,000 after buying an additional 28 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Stepan during the first quarter valued at about $134,000. Acrospire Investment Management LLC raised its stake in Stepan by 224.9% in the second quarter. Acrospire Investment Management LLC now owns 1,589 shares of the basic materials company’s stock valued at $138,000 after buying an additional 1,100 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in Stepan by 1.8% in the first quarter. Glen Harbor Capital Management LLC now owns 1,904 shares of the basic materials company’s stock valued at $150,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.
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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