Stepan Company (NYSE:SCL) VP Frank Pacholec sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $81.60, for a total transaction of $122,400.00. Following the completion of the transaction, the vice president now directly owns 48,597 shares of the company’s stock, valued at approximately $3,965,515.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Frank Pacholec also recently made the following trade(s):

  • On Monday, September 11th, Frank Pacholec sold 1,500 shares of Stepan stock. The shares were sold at an average price of $80.10, for a total transaction of $120,150.00.
  • On Wednesday, August 16th, Frank Pacholec sold 1,000 shares of Stepan stock. The shares were sold at an average price of $79.33, for a total transaction of $79,330.00.

Shares of Stepan Company (SCL) traded up 0.35% during midday trading on Tuesday, hitting $82.03. 47,848 shares of the stock were exchanged. Stepan Company has a 12-month low of $67.85 and a 12-month high of $92.97. The firm has a 50 day moving average of $78.87 and a 200 day moving average of $82.37. The firm has a market cap of $1.85 billion, a P/E ratio of 21.36 and a beta of 1.26.

Stepan (NYSE:SCL) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.02). The firm had revenue of $495.10 million during the quarter, compared to analysts’ expectations of $472.35 million. Stepan had a net margin of 4.85% and a return on equity of 14.95%. Stepan’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. Equities analysts forecast that Stepan Company will post $4.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.205 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.82 annualized dividend and a dividend yield of 1.00%. Stepan’s dividend payout ratio (DPR) is presently 21.52%.

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SCL has been the subject of several recent research reports. Industrial Alliance Securities raised shares of Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Monday, May 29th. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Stepan from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. National Bank Financial reduced their price objective on shares of Stepan from $40.00 to $27.00 and set a “sector perform” rating on the stock in a report on Monday, June 26th. Finally, Zacks Investment Research lowered shares of Stepan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.40.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of 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 purchasing an additional 965 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of 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 purchasing an additional 28 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of 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 purchasing an additional 1,100 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Stepan in the first quarter valued at $134,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Stepan by 28.8% in the first quarter. Victory Capital Management Inc. now owns 1,917 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 62.53% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Stepan (NYSE:SCL)

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