Frank Pacholec Sells 1,000 Shares of Stepan Company (SCL) Stock
Stepan Company (NYSE:SCL) VP Frank Pacholec sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $79.33, for a total transaction of $79,330.00. Following the completion of the sale, the vice president now owns 49,514 shares of the company’s stock, valued at approximately $3,927,945.62. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Stepan Company (SCL) traded down 0.18% during trading on Friday, hitting $76.62. 69,477 shares of the company were exchanged. The stock has a market capitalization of $1.73 billion, a PE ratio of 19.95 and a beta of 1.26. The company has a 50 day moving average of $84.69 and a 200-day moving average of $82.06. Stepan Company has a 1-year low of $66.97 and a 1-year high of $92.97.
Stepan (NYSE:SCL) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $1.32 EPS for the quarter, missing the 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 business had revenue of $495.10 million during the quarter, compared to the consensus estimate of $472.35 million. During the same quarter in the previous year, the business posted $1.31 earnings per share. Stepan’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts forecast that Stepan Company will post $4.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.82 annualized dividend and a yield of 1.07%. Stepan’s payout ratio is 21.52%.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Stepan from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Industrial Alliance Securities raised shares of Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Monday, May 29th. ValuEngine raised shares of Stepan from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Stepan from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, National Bank Financial cut their price target on shares of Stepan from $40.00 to $27.00 and set a “sector perform” rating on the stock in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.00.
Large investors have recently added to or reduced their stakes in the company. Capital Fund Management S.A. purchased a new stake in Stepan during the first quarter worth about $1,521,000. American Century Companies Inc. purchased a new stake in Stepan during the first quarter worth about $1,647,000. Algert Global LLC increased its stake in Stepan by 3.3% in the first quarter. Algert Global LLC now owns 5,869 shares of the basic materials company’s stock worth $463,000 after buying an additional 187 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Stepan by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 27,061 shares of the basic materials company’s stock worth $2,132,000 after buying an additional 1,810 shares in the last quarter. Finally, Bowling Portfolio Management LLC increased its stake in Stepan by 17.3% in the first quarter. Bowling Portfolio Management LLC now owns 10,754 shares of the basic materials company’s stock worth $848,000 after buying an additional 1,586 shares in the last quarter. Institutional investors own 62.06% 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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