Stepan Company (NYSE:SCL) VP Frank Pacholec sold 1,500 shares of Stepan stock in a transaction on Monday, September 11th. The stock was sold at an average price of $80.10, for a total transaction of $120,150.00. Following the transaction, the vice president now directly owns 49,014 shares in the company, valued at $3,926,021.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Frank Pacholec also recently made the following trade(s):
- On Wednesday, August 16th, Frank Pacholec sold 1,000 shares of Stepan stock. The stock was sold at an average price of $79.33, for a total transaction of $79,330.00.
Shares of Stepan Company (NYSE:SCL) traded up 0.19% during trading on Tuesday, hitting $80.40. 39,638 shares of the stock were exchanged. The firm’s 50 day moving average price is $79.85 and its 200-day moving average price is $82.21. Stepan Company has a 52 week low of $67.85 and a 52 week high of $92.97. The stock has a market cap of $1.81 billion, a P/E ratio of 20.93 and a beta of 1.26.
Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.02). Stepan had a return on equity of 14.95% and a net margin of 4.85%. The firm had revenue of $495.10 million for the quarter, compared to analyst estimates of $472.35 million. During the same quarter last year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Stepan Company will post $4.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, August 29th. Stepan’s dividend payout ratio (DPR) is presently 21.52%.
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A number of brokerages have recently weighed in on SCL. KeyCorp reissued a “hold” rating on shares of Stepan in a research report on Friday, September 1st. BMO Capital Markets reduced their price target on shares of Stepan from $42.00 to $36.00 in a research report on Monday, August 14th. BidaskClub cut shares of Stepan from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Stepan from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Wellington Shields cut shares of Stepan from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Stepan has an average rating of “Hold” and a consensus price target of $48.40.
Several institutional investors and hedge funds have recently bought and sold shares of SCL. BlackRock Inc. grew its holdings in Stepan by 2.8% in the second quarter. BlackRock Inc. now owns 2,597,255 shares of the basic materials company’s stock worth $226,324,000 after purchasing an additional 71,360 shares during the period. Vanguard Group Inc. grew its holdings in Stepan by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,151,859 shares of the basic materials company’s stock worth $187,513,000 after purchasing an additional 12,781 shares during the period. Dimensional Fund Advisors LP grew its holdings in Stepan by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,054,944 shares of the basic materials company’s stock worth $83,139,000 after purchasing an additional 5,559 shares during the period. State Street Corp grew its holdings in Stepan by 2.4% in the second quarter. State Street Corp now owns 498,724 shares of the basic materials company’s stock worth $43,455,000 after purchasing an additional 11,518 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Stepan by 5.6% in 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 purchasing an additional 21,345 shares during the period. Institutional investors own 62.56% of the company’s stock.
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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