Stepan Director Unloads $135,947 in Stock (SCL)
Stepan (NYSE:SCL) Director Edward J. Wehmer sold 2,256 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.26, for a total value of $135,946.56. Following the sale, the director now directly owns 10,100 shares in the company, valued at approximately $608,626. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Stepan (NYSE:SCL) traded down 0.40% during mid-day trading on Monday, hitting $59.49. 43,487 shares of the company’s stock traded hands. Stepan has a 52-week low of $52.34 and a 52-week high of $67.20. The stock has a 50-day moving average of $62.95 and a 200-day moving average of $60.59. The company has a market cap of $1.354 billion and a P/E ratio of 18.78.
Stepan (NYSE:SCL) last announced its earnings results on Tuesday, February 18th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.24. The company had revenue of $474.33 million for the quarter, compared to the consensus estimate of $463.60 million. On average, analysts predict that Stepan will post $4.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 26th.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and then made into a variety of end products.
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