PNC Financial Services Group Inc. Has $347,000 Position in Stepan (NYSE:SCL)

PNC Financial Services Group Inc. raised its stake in Stepan (NYSE:SCLFree Report) by 43.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,675 shares of the basic materials company’s stock after purchasing an additional 1,121 shares during the period. PNC Financial Services Group Inc.’s holdings in Stepan were worth $347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of Stepan by 2,141.7% in the fourth quarter. Fifth Third Bancorp now owns 269 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 257 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of Stepan by 277.5% in the fourth quarter. Copeland Capital Management LLC now owns 453 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 333 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Stepan in the fourth quarter valued at about $48,000. Blue Trust Inc. acquired a new position in shares of Stepan in the fourth quarter valued at about $55,000. Finally, Signaturefd LLC lifted its position in Stepan by 645.3% during the fourth quarter. Signaturefd LLC now owns 1,103 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 955 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on Stepan

Insider Buying and Selling at Stepan

In other Stepan news, Director F Quinn Stepan, Jr. sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 250,676 shares of the company’s stock, valued at approximately $21,916,602.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.00% of the company’s stock.

Stepan Stock Down 0.1 %

Shares of NYSE SCL opened at $85.38 on Wednesday. The company has a 50 day simple moving average of $86.19 and a 200 day simple moving average of $88.17. The firm has a market cap of $1.92 billion, a PE ratio of 51.43 and a beta of 0.83. Stepan has a 1 year low of $63.60 and a 1 year high of $100.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.97.

Stepan (NYSE:SCLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.29. The business had revenue of $551.40 million during the quarter, compared to analyst estimates of $575.83 million. Stepan had a net margin of 1.71% and a return on equity of 4.04%. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. On average, research analysts forecast that Stepan will post 2.75 EPS for the current year.

Stepan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, May 31st. Stepan’s dividend payout ratio is presently 90.36%.

Stepan 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.

See Also

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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