Stepan (NYSE:SCL) VP Frank Pacholec sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $86.52, for a total transaction of $519,120.00. Following the sale, the vice president now owns 40,120 shares in the company, valued at approximately $3,471,182.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE SCL traded down $1.74 during mid-day trading on Friday, reaching $82.99. 59,784 shares of the stock were exchanged, compared to its average volume of 84,651. Stepan has a 1-year low of $68.75 and a 1-year high of $92.97. The firm has a market cap of $1,868.44, a P/E ratio of 17.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.92 and a current ratio of 2.46.
Stepan (NYSE:SCL) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.39. The firm had revenue of $473.82 million for the quarter, compared to analyst estimates of $457.95 million. Stepan had a net margin of 4.76% and a return on equity of 15.20%. Stepan’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. equities analysts predict that Stepan will post 5.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.08%. Stepan’s dividend payout ratio (DPR) is presently 19.35%.
Separately, Zacks Investment Research upgraded shares of Stepan from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Stepan has a consensus rating of “Hold” and an average price target of $35.60.
Several institutional investors and hedge funds have recently made changes to their positions in SCL. CIBC Asset Management Inc acquired a new position in shares of Stepan in the 4th quarter valued at $209,000. Segall Bryant & Hamill LLC acquired a new position in shares of Stepan in the 4th quarter valued at $240,000. Landscape Capital Management L.L.C. acquired a new position in shares of Stepan in the 4th quarter valued at $282,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Stepan by 42.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Stepan in the 3rd quarter valued at $350,000. Institutional investors own 65.65% of the company’s stock.
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Stepan Company Profile
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. The company operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning 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, and lubricating ingredients.
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