Stepan (SCL) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in Stepan (NYSE:SCL) by 30.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,630 shares of the basic materials company’s stock after buying an additional 10,144 shares during the quarter. Bank of Montreal Can’s holdings in Stepan were worth $3,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCL. BlackRock Inc. lifted its stake in Stepan by 6.7% in the 2nd quarter. BlackRock Inc. now owns 2,810,899 shares of the basic materials company’s stock valued at $219,279,000 after acquiring an additional 176,940 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Stepan by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,086,248 shares of the basic materials company’s stock valued at $84,738,000 after acquiring an additional 29,481 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Stepan by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 415,094 shares of the basic materials company’s stock valued at $32,383,000 after acquiring an additional 8,178 shares in the last quarter. Northern Trust Corp lifted its stake in Stepan by 10.0% in the 2nd quarter. Northern Trust Corp now owns 307,891 shares of the basic materials company’s stock valued at $24,019,000 after acquiring an additional 28,066 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Stepan by 0.4% in the 1st quarter. Allianz Asset Management GmbH now owns 299,940 shares of the basic materials company’s stock valued at $24,949,000 after acquiring an additional 1,293 shares in the last quarter. Institutional investors and hedge funds own 67.59% of the company’s stock.

In other news, VP Frank Pacholec sold 500 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $89.49, for a total transaction of $44,745.00. Following the sale, the vice president now owns 36,482 shares in the company, valued at approximately $3,264,774.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward J. Wehmer sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $84.91, for a total value of $118,874.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,624 shares of company stock worth $404,122. Company insiders own 12.60% of the company’s stock.

SCL has been the topic of several research reports. Zacks Investment Research cut Stepan from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. ValuEngine upgraded Stepan from a “sell” rating to a “hold” rating in a research note on Friday, July 20th.

Shares of Stepan stock opened at $84.48 on Friday. Stepan has a 12-month low of $68.09 and a 12-month high of $90.96. The company has a market cap of $1.90 billion, a PE ratio of 18.17 and a beta of 1.17. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 0.34.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. Stepan had a return on equity of 15.02% and a net margin of 4.78%. The company had revenue of $508.00 million for the quarter, compared to analysts’ expectations of $504.20 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts expect that Stepan will post 4.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Stepan’s previous quarterly dividend of $0.23. Stepan’s dividend payout ratio is currently 19.35%.

Stepan Profile

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

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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