Vanguard Group Inc. Increases Position in Stepan (NYSE:SCL)

Vanguard Group Inc. raised its stake in Stepan (NYSE:SCLFree Report) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,548,692 shares of the basic materials company’s stock after acquiring an additional 4,863 shares during the period. Vanguard Group Inc. owned 0.11% of Stepan worth $191,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adirondack Trust Co. acquired a new position in shares of Stepan during the third quarter worth approximately $37,000. Lazard Asset Management LLC acquired a new stake in Stepan in the fourth quarter worth approximately $38,000. Tower Research Capital LLC TRC lifted its position in Stepan by 226.5% in the first quarter. Tower Research Capital LLC TRC now owns 591 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 410 shares during the period. Point72 Hong Kong Ltd lifted its position in Stepan by 306.6% in the first quarter. Point72 Hong Kong Ltd now owns 805 shares of the basic materials company’s stock worth $80,000 after purchasing an additional 607 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Stepan in the second quarter worth approximately $148,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Stepan Price Performance

NYSE SCL opened at $90.04 on Friday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 51.45 and a beta of 0.83. Stepan has a 1 year low of $63.60 and a 1 year high of $104.43. The business’s fifty day moving average is $89.63 and its two-hundred day moving average is $84.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.96 and a current ratio of 1.40.

Stepan (NYSE:SCLGet Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). The company had revenue of $532.13 million during the quarter, compared to the consensus estimate of $534.48 million. Stepan had a net margin of 1.73% and a return on equity of 4.20%. Stepan’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. On average, research analysts forecast that Stepan will post 2.53 earnings per share for the current fiscal year.

Stepan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.50 annualized dividend and a dividend yield of 1.67%. Stepan’s dividend payout ratio is currently 85.71%.

Insider Buying and Selling at Stepan

In other Stepan news, Director F Quinn Stepan, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.43, for a total transaction of $174,860.00. Following the sale, the director now directly owns 250,676 shares of the company’s stock, valued at approximately $21,916,602.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director F Quinn Stepan, Jr. sold 3,637 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.11, for a total value of $327,730.07. Following the completion of the sale, the director now owns 255,567 shares in the company, valued at $23,029,142.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director F Quinn Stepan, Jr. sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $87.43, for a total value of $174,860.00. Following the completion of the sale, the director now owns 250,676 shares of the company’s stock, valued at approximately $21,916,602.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,637 shares of company stock valued at $957,940. Corporate insiders own 6.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Stepan from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th.

Get Our Latest Stock Report on SCL

Stepan Company Profile

(Free Report)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection 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.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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