Stepan (NYSE:SCL) VP Frank Pacholec sold 6,000 shares of Stepan stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $86.52, for a total transaction of $519,120.00. Following the sale, the vice president now owns 40,120 shares of the company’s stock, valued at $3,471,182.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Stepan (NYSE SCL) traded down $0.80 during midday trading on Wednesday, hitting $84.75. 60,621 shares of the stock were exchanged, compared to its average volume of 86,514. The stock has a market capitalization of $1,942.97, a P/E ratio of 18.52 and a beta of 1.15. Stepan has a 1-year low of $68.75 and a 1-year high of $92.97. The company has a current ratio of 2.46, a quick ratio of 1.92 and a debt-to-equity ratio of 0.36.
Stepan (NYSE:SCL) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.39. Stepan had a net margin of 4.76% and a return on equity of 15.20%. The business had revenue of $473.82 million during the quarter, compared to the consensus estimate of $457.95 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. analysts expect that Stepan will post 5.17 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its holdings in Stepan by 6.0% in the third quarter. American International Group Inc. now owns 15,787 shares of the basic materials company’s stock valued at $1,321,000 after purchasing an additional 890 shares during the period. Strs Ohio grew its holdings in Stepan by 7.3% in the fourth quarter. Strs Ohio now owns 13,200 shares of the basic materials company’s stock valued at $1,042,000 after purchasing an additional 900 shares during the period. First Trust Advisors LP grew its holdings in Stepan by 6.1% in the fourth quarter. First Trust Advisors LP now owns 16,367 shares of the basic materials company’s stock valued at $1,293,000 after purchasing an additional 935 shares during the period. Rhumbline Advisers grew its holdings in Stepan by 2.3% in the third quarter. Rhumbline Advisers now owns 45,083 shares of the basic materials company’s stock valued at $3,772,000 after purchasing an additional 1,015 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in Stepan by 42.0% in the third quarter. Cubist Systematic Strategies LLC now owns 3,759 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 1,111 shares during the period. Hedge funds and other institutional investors own 65.65% of the company’s stock.
A number of equities research analysts have recently commented on SCL shares. Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price target for the company in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Stepan from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.60.
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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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