Stepan Company (SCL) Stake Held by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. held its stake in Stepan Company (NYSE:SCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,098 shares of the basic materials company’s stock at the end of the 2nd quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Stepan were worth $880,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Stepan by 52,898.2% during the first quarter. BlackRock Inc. now owns 2,525,895 shares of the basic materials company’s stock worth $199,067,000 after buying an additional 2,521,129 shares during the period. Vanguard Group Inc. increased its stake in shares of Stepan by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,139,078 shares of the basic materials company’s stock worth $168,580,000 after buying an additional 126,830 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Stepan by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,054,944 shares of the basic materials company’s stock worth $83,139,000 after buying an additional 5,559 shares during the period. State Street Corp increased its stake in shares of Stepan by 3.8% during the first quarter. State Street Corp now owns 487,206 shares of the basic materials company’s stock worth $38,400,000 after buying an additional 17,784 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Stepan by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 399,280 shares of the basic materials company’s stock worth $31,466,000 after buying an additional 21,345 shares during the period. Institutional investors own 62.53% of the company’s stock.
In related news, Chairman F Quinn Stepan, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $79.27, for a total transaction of $1,189,050.00. Following the sale, the chairman now directly owns 151,864 shares in the company, valued at approximately $12,038,259.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director F Quinn Stepan sold 8,865 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $80.50, for a total value of $713,632.50. Following the sale, the director now owns 287,962 shares in the company, valued at $23,180,941. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,404 shares of company stock worth $2,343,492. Company insiders own 13.10% of the company’s stock.
A number of analysts recently weighed in on SCL shares. Industrial Alliance Securities upgraded shares of Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Monday, May 29th. BidaskClub lowered shares of Stepan from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Wellington Shields lowered shares of Stepan from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, KeyCorp restated a “hold” rating on shares of Stepan in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Stepan presently has a consensus rating of “Hold” and a consensus target price of $48.40.
Stepan Company (NYSE SCL) opened at 82.21 on Thursday. The company has a 50-day moving average price of $78.87 and a 200-day moving average price of $82.40. The firm has a market capitalization of $1.85 billion, a P/E ratio of 21.40 and a beta of 1.26. Stepan Company has a one year low of $67.85 and a one year high of $92.97.
Stepan (NYSE:SCL) last announced its earnings results 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). The company had revenue of $495.10 million for the quarter, compared to analysts’ expectations of $472.35 million. Stepan had a net margin of 4.85% and a return on equity of 14.95%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. On average, equities research analysts anticipate that Stepan Company will post $4.58 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.82 annualized dividend and a dividend yield of 1.00%. Stepan’s payout ratio is currently 21.52%.
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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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