Wipfli Financial Advisors LLC Purchases Shares of 323 Stepan (NYSE:SCL)

Wipfli Financial Advisors LLC purchased a new stake in Stepan (NYSE:SCLGet Rating) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 323 shares of the basic materials company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in Stepan by 66.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 493 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 197 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in Stepan by 306.6% during the first quarter. Point72 Hong Kong Ltd now owns 805 shares of the basic materials company’s stock valued at $80,000 after buying an additional 607 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Stepan in the 2nd quarter valued at about $148,000. Captrust Financial Advisors increased its holdings in shares of Stepan by 55.9% in the 1st quarter. Captrust Financial Advisors now owns 1,755 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 629 shares during the period. Finally, KBC Group NV acquired a new position in shares of Stepan in the 2nd quarter valued at about $181,000. 76.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Arthur W. Mergner sold 2,156 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $103.01, for a total value of $222,089.56. Following the transaction, the vice president now owns 23,513 shares in the company, valued at $2,422,074.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Arthur W. Mergner sold 2,156 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $103.01, for a total value of $222,089.56. Following the transaction, the vice president now owns 23,513 shares in the company, valued at $2,422,074.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director F Quinn Stepan, Jr. sold 5,308 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $110.00, for a total value of $583,880.00. Following the transaction, the director now owns 64,869 shares in the company, valued at approximately $7,135,590. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by corporate insiders.

Stepan Price Performance

Shares of SCL opened at $109.30 on Friday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.49 and a beta of 0.80. Stepan has a fifty-two week low of $91.64 and a fifty-two week high of $119.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.78 and a quick ratio of 1.12. The business’s 50-day moving average is $109.08 and its 200-day moving average is $104.90.

Stepan (NYSE:SCLGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The basic materials company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Stepan had a return on equity of 14.62% and a net margin of 5.56%. The firm had revenue of $719.20 million for the quarter, compared to the consensus estimate of $664.48 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. Equities research analysts expect that Stepan will post 6.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Stepan from a “buy” rating to a “hold” rating in a report on Friday, December 30th.

Stepan Profile

(Get Rating)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. It 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, disinfectants, and lubricating ingredients.

See Also

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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