Stepan (NYSE:SCL) Director Edward J. Wehmer sold 1,200 shares of Stepan stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $90.52, for a total transaction of $108,624.00. Following the completion of the transaction, the director now directly owns 10,253 shares in the company, valued at $928,101.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stepan stock traded up $0.25 during mid-day trading on Wednesday, reaching $92.57. The company had a trading volume of 253 shares, compared to its average volume of 89,377. Stepan has a fifty-two week low of $69.17 and a fifty-two week high of $95.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.74 and a quick ratio of 2.01. The firm has a market capitalization of $2.03 billion, a P/E ratio of 18.97 and a beta of 1.29.

Stepan (NYSE:SCL) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Stepan had a net margin of 5.40% and a return on equity of 14.24%. The firm had revenue of $489.17 million for the quarter, compared to analyst estimates of $510.57 million. During the same quarter last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts expect that Stepan will post 4.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. Stepan’s dividend payout ratio is currently 20.49%.

A number of brokerages recently issued reports on SCL. Zacks Investment Research raised shares of Stepan from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.50.

Institutional investors have recently modified their holdings of the business. Burney Co. boosted its position in Stepan by 9.7% in the fourth quarter. Burney Co. now owns 6,754 shares of the basic materials company’s stock valued at $500,000 after buying an additional 600 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Stepan during the first quarter worth $347,000. Norges Bank acquired a new position in shares of Stepan during the fourth quarter worth $35,800,000. Principal Financial Group Inc. lifted its holdings in shares of Stepan by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 174,914 shares of the basic materials company’s stock worth $12,944,000 after purchasing an additional 2,326 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Stepan by 3.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,404 shares of the basic materials company’s stock worth $1,584,000 after purchasing an additional 744 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

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Stepan Company Profile

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

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