Stepan Company (NYSE:SCL) VP Frank Pacholec sold 1,500 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $81.60, for a total value of $122,400.00. Following the transaction, the vice president now directly owns 48,597 shares in the company, valued at approximately $3,965,515.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Frank Pacholec also recently made the following trade(s):
- On Monday, September 11th, Frank Pacholec sold 1,500 shares of Stepan stock. The shares were sold at an average price of $80.10, for a total value of $120,150.00.
- On Wednesday, August 16th, Frank Pacholec sold 1,000 shares of Stepan stock. The shares were sold at an average price of $79.33, for a total value of $79,330.00.
Shares of Stepan Company (NYSE SCL) opened at 82.03 on Wednesday. Stepan Company has a 52 week low of $67.85 and a 52 week high of $92.97. The company has a market cap of $1.85 billion, a P/E ratio of 21.36 and a beta of 1.26. The company’s 50-day moving average price is $78.87 and its 200 day moving average price is $82.40.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The business had revenue of $495.10 million for the quarter, compared to analyst estimates of $472.35 million. Stepan had a return on equity of 14.95% and a net margin of 4.85%. Stepan’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. On average, equities analysts forecast that Stepan Company will post $4.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, August 29th. Stepan’s dividend payout ratio (DPR) is presently 21.52%.
A number of research analysts have recently commented on SCL shares. Wellington Shields lowered Stepan from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a report on Saturday. BidaskClub lowered Stepan from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. ValuEngine raised Stepan from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Stepan in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $48.40.
A number of hedge funds and other institutional investors have recently made changes to their positions in SCL. Great West Life Assurance Co. Can increased its position in Stepan by 7.2% during the first quarter. Great West Life Assurance Co. Can now owns 27,061 shares of the basic materials company’s stock worth $2,132,000 after buying an additional 1,810 shares during the last quarter. American Century Companies Inc. acquired a new position in Stepan during the first quarter worth approximately $1,647,000. US Bancorp DE increased its position in Stepan by 0.6% during the first quarter. US Bancorp DE now owns 6,639 shares of the basic materials company’s stock worth $523,000 after buying an additional 41 shares during the last quarter. Bank of New York Mellon Corp increased its position in Stepan by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 399,280 shares of the basic materials company’s stock worth $31,466,000 after buying an additional 21,345 shares during the last quarter. Finally, Comerica Bank increased its position in Stepan by 4.2% during the first quarter. Comerica Bank now owns 21,672 shares of the basic materials company’s stock worth $1,859,000 after buying an additional 883 shares during the last quarter. 62.53% of the stock is currently owned by hedge funds and other institutional investors.
Stepan 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.
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