Stepan (NYSE:SCL) VP Frank Pacholec sold 6,000 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $86.52, for a total value of $519,120.00. Following the completion of the sale, the vice president now owns 40,120 shares in the company, valued at $3,471,182.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Stepan (NYSE SCL) opened at $84.46 on Friday. Stepan has a 1 year low of $68.75 and a 1 year high of $92.97. The firm has a market capitalization of $1,896.59, a price-to-earnings ratio of 18.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.46 and a quick ratio of 1.92.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.39. Stepan had a return on equity of 15.20% and a net margin of 4.76%. The firm had revenue of $473.82 million for the quarter, compared to analysts’ expectations of $457.95 million. During the same period in the prior year, the business posted $0.52 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. equities research analysts anticipate that Stepan will post 5.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, March 2nd. Stepan’s dividend payout ratio (DPR) is 22.96%.
Separately, Zacks Investment Research upgraded Stepan from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Stepan has an average rating of “Hold” and an average target price of $35.60.
A number of large investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC acquired a new position in Stepan in the fourth quarter worth $240,000. MetLife Investment Advisors LLC acquired a new position in Stepan in the fourth quarter worth $728,000. Gotham Asset Management LLC acquired a new position in Stepan in the fourth quarter worth $587,000. Millennium Management LLC boosted its stake in Stepan by 53.9% in the fourth quarter. Millennium Management LLC now owns 197,485 shares of the basic materials company’s stock worth $15,595,000 after purchasing an additional 69,130 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Stepan by 15.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 130,717 shares of the basic materials company’s stock worth $10,323,000 after purchasing an additional 17,731 shares in the last quarter. Hedge funds and other institutional investors own 65.65% of the company’s stock.
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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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