Stepan (NYSE:SCL) VP Frank Pacholec sold 699 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $87.59, for a total value of $61,225.41. Following the completion of the sale, the vice president now owns 36,782 shares in the company, valued at $3,221,735.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Frank Pacholec also recently made the following trade(s):
- On Friday, August 10th, Frank Pacholec sold 25 shares of Stepan stock. The shares were sold at an average price of $87.10, for a total value of $2,177.50.
- On Wednesday, August 8th, Frank Pacholec sold 2,000 shares of Stepan stock. The shares were sold at an average price of $88.55, for a total value of $177,100.00.
Shares of SCL stock traded down $0.47 during mid-day trading on Monday, hitting $87.43. 51,300 shares of the stock traded hands, compared to its average volume of 92,090. Stepan has a twelve month low of $68.09 and a twelve month high of $90.96. The stock has a market cap of $1.98 billion, a PE ratio of 18.80 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.94 and a current ratio of 2.55.
Stepan (NYSE:SCL) last issued its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.38. Stepan had a return on equity of 14.63% and a net margin of 4.82%. The company had revenue of $519.90 million for the quarter, compared to analysts’ expectations of $519.90 million. During the same period last year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts predict that Stepan will post 4.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, August 30th. Stepan’s dividend payout ratio (DPR) is presently 19.35%.
Separately, ValuEngine upgraded Stepan from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.67.
Hedge funds have recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Stepan by 3.2% during the 2nd quarter. Bessemer Group Inc. now owns 19,400 shares of the basic materials company’s stock valued at $1,513,000 after purchasing an additional 600 shares during the period. Strs Ohio increased its position in shares of Stepan by 10.1% during the 2nd quarter. Strs Ohio now owns 14,200 shares of the basic materials company’s stock valued at $1,107,000 after purchasing an additional 1,300 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Stepan in the 2nd quarter worth $175,000. Northern Trust Corp grew its holdings in shares of Stepan by 0.6% in the 1st quarter. Northern Trust Corp now owns 279,825 shares of the basic materials company’s stock worth $23,276,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Stepan by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 163,568 shares of the basic materials company’s stock worth $13,605,000 after acquiring an additional 3,822 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.
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.
Further Reading: Do Tariffs Work?
Receive News & Ratings for Stepan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan and related companies with MarketBeat.com's FREE daily email newsletter.