Stepan Company (SCL) Chairman F Quinn Stepan, Jr. Sells 9,619 Shares

Stepan Company (NYSE:SCL) Chairman F Quinn Stepan, Jr. sold 9,619 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $85.32, for a total value of $820,693.08. Following the completion of the sale, the chairman now owns 142,475 shares of the company’s stock, valued at approximately $12,155,967. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stepan Company (NYSE:SCL) traded up 2.03% during midday trading on Friday, hitting $83.10. The stock had a trading volume of 101,360 shares. Stepan Company has a 52-week low of $55.87 and a 52-week high of $89.90. The stock has a market cap of $1.87 billion, a PE ratio of 21.38 and a beta of 1.17. The company’s 50 day moving average price is $81.60 and its 200-day moving average price is $79.43.

Stepan Company (NYSE:SCL) last posted its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.17. Stepan Company had a net margin of 5.03% and a return on equity of 16.74%. The business had revenue of $468.30 million during the quarter, compared to the consensus estimate of $461.70 million. During the same quarter last year, the firm posted $1.29 EPS. Stepan Company’s revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Stepan Company will post $4.64 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, May 25th. Stepan Company’s payout ratio is currently 21.19%.

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A number of equities analysts recently commented on SCL shares. Zacks Investment Research upgraded Stepan Company from a “hold” rating to a “strong-buy” rating and set a $97.00 target price for the company in a report on Thursday, May 4th. Wellington Shields upgraded Stepan Company from a “hold” rating to an “accumulate” rating in a report on Friday, February 24th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.40.

A number of hedge funds have recently bought and sold shares of SCL. Meadow Creek Investment Management LLC increased its stake in Stepan Company by 1.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,568 shares of the basic materials company’s stock valued at $124,000 after buying an additional 28 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Stepan Company by 1.8% in the first quarter. Glen Harbor Capital Management LLC now owns 1,904 shares of the basic materials company’s stock valued at $150,000 after buying an additional 34 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Stepan Company by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,150 shares of the basic materials company’s stock valued at $169,000 after buying an additional 40 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Stepan Company by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the basic materials company’s stock valued at $453,000 after buying an additional 40 shares during the last quarter. Finally, US Bancorp DE increased its stake in Stepan Company by 0.6% in the first quarter. US Bancorp DE now owns 6,639 shares of the basic materials company’s stock valued at $523,000 after buying an additional 41 shares during the last quarter. 61.61% of the stock is owned by institutional investors and hedge funds.

Stepan Company Company Profile

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.

12 Month Chart for NYSE:SCL

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