Inceptionr LLC Takes Position in Stepan (NYSE:SCL)

Inceptionr LLC purchased a new position in Stepan (NYSE:SCLFree Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 2,149 shares of the basic materials company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Burney Co. increased its stake in shares of Stepan by 5.0% in the third quarter. Burney Co. now owns 4,802 shares of the basic materials company’s stock worth $360,000 after buying an additional 230 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Stepan by 2,141.7% in the fourth quarter. Fifth Third Bancorp now owns 269 shares of the basic materials company’s stock worth $25,000 after buying an additional 257 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Stepan by 6.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,764 shares of the basic materials company’s stock worth $357,000 after buying an additional 291 shares during the last quarter. Algert Global LLC increased its stake in shares of Stepan by 0.9% in the third quarter. Algert Global LLC now owns 34,715 shares of the basic materials company’s stock worth $2,603,000 after buying an additional 317 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Stepan by 1.5% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,167 shares of the basic materials company’s stock worth $1,737,000 after buying an additional 332 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Stepan from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th.

Read Our Latest Stock Report on Stepan

Insider Activity

In other news, Director F Quinn Stepan, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $91.07, for a total transaction of $455,350.00. Following the completion of the transaction, the director now owns 255,567 shares of the company’s stock, valued at $23,274,486.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director F Quinn Stepan, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $91.07, for a total transaction of $455,350.00. Following the completion of the transaction, the director now owns 255,567 shares of the company’s stock, valued at $23,274,486.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director F Quinn Stepan, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.43, for a total transaction of $174,860.00. Following the transaction, the director now directly owns 250,676 shares of the company’s stock, valued at approximately $21,916,602.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,637 shares of company stock valued at $957,940. 6.90% of the stock is currently owned by company insiders.

Stepan Stock Up 0.4 %

SCL stock opened at $88.02 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.97. Stepan has a 1-year low of $63.60 and a 1-year high of $100.61. The firm has a fifty day moving average price of $86.54 and a two-hundred day moving average price of $87.24. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 53.02 and a beta of 0.83.

Stepan (NYSE:SCLGet Free Report) last released its earnings results on Tuesday, April 30th. The basic materials company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.29. Stepan had a net margin of 1.71% and a return on equity of 4.04%. The firm had revenue of $551.40 million during the quarter, compared to analyst estimates of $575.83 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. Research analysts predict that Stepan will post 2.75 EPS for the current year.

Stepan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, May 31st. Stepan’s dividend payout ratio (DPR) is 90.36%.

Stepan Company Profile

(Free Report)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.

See Also

Want to see what other hedge funds are holding SCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stepan (NYSE:SCLFree Report).

Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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