Stepan (SCL) VP Sells $38,862.89 in Stock

Stepan (NYSE:SCL) VP Robert Victor Slone sold 517 shares of the company’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $75.17, for a total value of $38,862.89. Following the transaction, the vice president now directly owns 7,565 shares in the company, valued at approximately $568,661.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Victor Slone also recently made the following trade(s):

  • On Thursday, November 29th, Robert Victor Slone sold 3,741 shares of Stepan stock. The shares were sold at an average price of $80.32, for a total value of $300,477.12.

NYSE:SCL opened at $78.63 on Friday. Stepan has a 1-year low of $68.09 and a 1-year high of $90.96. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.91 and a beta of 1.10.

Stepan (NYSE:SCL) last released its earnings results on Wednesday, October 24th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.11. Stepan had a return on equity of 15.02% and a net margin of 4.78%. The firm had revenue of $508.00 million for the quarter, compared to analyst estimates of $504.20 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Research analysts anticipate that Stepan will post 4.63 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were paid a $0.25 dividend. This is a positive change from Stepan’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.00 annualized dividend and a yield of 1.27%. Stepan’s dividend payout ratio is presently 21.51%.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in shares of Stepan by 10.0% in the second quarter. Northern Trust Corp now owns 307,891 shares of the basic materials company’s stock worth $24,019,000 after acquiring an additional 28,066 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Stepan by 6.7% in the second quarter. BlackRock Inc. now owns 2,810,899 shares of the basic materials company’s stock worth $219,279,000 after acquiring an additional 176,940 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Stepan by 30.3% in the third quarter. Bank of Montreal Can now owns 43,630 shares of the basic materials company’s stock worth $3,796,000 after acquiring an additional 10,144 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Stepan in the third quarter worth about $402,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Stepan by 10.7% in the third quarter. Thrivent Financial for Lutherans now owns 23,537 shares of the basic materials company’s stock worth $2,048,000 after acquiring an additional 2,266 shares in the last quarter. 67.80% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on SCL. Zacks Investment Research raised Stepan from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, January 1st. Stifel Nicolaus assumed coverage on Stepan in a research note on Monday, December 10th. They issued a “buy” rating and a $94.00 target price on the stock. TD Securities reissued a “neutral” rating and issued a $27.00 target price on shares of Stepan in a research note on Wednesday, November 7th. Finally, Seaport Global Securities reissued a “hold” rating and issued a $95.00 target price on shares of Stepan in a research note on Monday, November 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Stepan currently has an average rating of “Hold” and a consensus target price of $74.50.

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

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