Stepan (NYSE:SCL) VP Sells $103,860.12 in Stock

Stepan (NYSE:SCL) VP Sean Thomas Moriarty sold 1,092 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $95.11, for a total value of $103,860.12. Following the completion of the transaction, the vice president now directly owns 5,075 shares of the company’s stock, valued at approximately $482,683.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sean Thomas Moriarty also recently made the following trade(s):

  • On Wednesday, July 31st, Sean Thomas Moriarty sold 3,418 shares of Stepan stock. The shares were sold at an average price of $98.97, for a total value of $338,279.46.

Shares of SCL stock traded up $1.25 on Tuesday, hitting $95.62. The company had a trading volume of 68,290 shares, compared to its average volume of 86,512. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 19.59 and a beta of 1.27. The company’s 50-day simple moving average is $93.55. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. Stepan has a twelve month low of $69.17 and a twelve month high of $101.84.

Stepan (NYSE:SCL) last issued its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.19. The business had revenue of $473.00 million during the quarter, compared to analysts’ expectations of $519.20 million. Stepan had a return on equity of 14.19% and a net margin of 5.39%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, sell-side analysts predict that Stepan will post 5.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. Stepan’s payout ratio is 20.49%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. APG Asset Management N.V. acquired a new position in Stepan during the second quarter worth $363,000. Parametric Portfolio Associates LLC lifted its stake in Stepan by 8.9% during the second quarter. Parametric Portfolio Associates LLC now owns 54,064 shares of the basic materials company’s stock worth $4,969,000 after purchasing an additional 4,410 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Stepan by 29.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 105,300 shares of the basic materials company’s stock worth $9,678,000 after purchasing an additional 23,700 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in Stepan during the second quarter worth $58,000. Finally, Northern Trust Corp lifted its stake in Stepan by 11.5% during the second quarter. Northern Trust Corp now owns 356,285 shares of the basic materials company’s stock worth $32,747,000 after purchasing an additional 36,756 shares in the last quarter. 72.22% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on SCL. Royal Bank of Canada began coverage on Stepan in a report on Wednesday, July 3rd. They issued a “sector perform” rating and a $21.00 price objective for the company. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. ValuEngine cut Stepan from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets decreased their price objective on Stepan from $28.00 to $20.00 and set an “outperform” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.83.

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 in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

See Also: Trading on Margin

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

Receive News & Ratings for Stepan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan and related companies with MarketBeat.com's FREE daily email newsletter.