Stepan (NYSE:SCL) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in Stepan (NYSE:SCLFree Report) by 53.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,438 shares of the basic materials company’s stock after acquiring an additional 2,244 shares during the quarter. Corient Private Wealth LLC’s holdings in Stepan were worth $609,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. UBS Group AG increased its position in Stepan by 8.8% in the 4th quarter. UBS Group AG now owns 94,783 shares of the basic materials company’s stock valued at $8,962,000 after acquiring an additional 7,669 shares during the period. PNC Financial Services Group Inc. increased its position in Stepan by 43.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,675 shares of the basic materials company’s stock valued at $347,000 after acquiring an additional 1,121 shares during the period. Norges Bank acquired a new stake in Stepan in the 4th quarter valued at approximately $12,869,000. First Eagle Investment Management LLC acquired a new stake in Stepan in the 4th quarter valued at approximately $4,883,000. Finally, Quadrant Capital Group LLC increased its position in shares of Stepan by 829.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,333 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 2,082 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Stepan Stock Up 1.0 %

Shares of SCL stock opened at $86.18 on Thursday. Stepan has a 1 year low of $63.60 and a 1 year high of $100.46. The stock has a market cap of $1.94 billion, a PE ratio of 51.92 and a beta of 0.83. The business’s fifty day moving average is $86.19 and its 200-day moving average is $88.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.97 and a current ratio of 1.38.

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

Stepan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, May 31st. Stepan’s payout ratio is 90.36%.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on SCL

About Stepan

(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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