Stepan (NYSE:SCL) VP Gregory Servatius sold 2,479 shares of Stepan stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $85.22, for a total transaction of $211,260.38. Following the completion of the transaction, the vice president now directly owns 48,620 shares in the company, valued at approximately $4,143,396.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Stepan (NYSE SCL) opened at $86.64 on Friday. The firm has a market cap of $1,895.24, a P/E ratio of 18.06 and a beta of 1.15. The company has a quick ratio of 1.92, a current ratio of 2.46 and a debt-to-equity ratio of 0.36. Stepan has a 1 year low of $68.75 and a 1 year high of $92.97.
Stepan (NYSE:SCL) last released its earnings results on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.39. The business had revenue of $473.82 million for the quarter, compared to the consensus estimate of $457.95 million. Stepan had a net margin of 4.76% and a return on equity of 15.20%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. research analysts predict that Stepan will post 5.17 EPS for the current year.
SCL has been the topic of several recent research reports. Zacks Investment Research cut shares of Stepan from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Scotiabank raised shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock in a research note on Tuesday, November 14th. Finally, National Bank Financial lifted their target price on shares of Stepan from $35.00 to $36.00 in a research report on Monday, November 13th. 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 given a strong buy rating to the company. Stepan has an average rating of “Hold” and a consensus price target of $35.60.
Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Stepan by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,352 shares of the basic materials company’s stock worth $1,338,000 after acquiring an additional 265 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Stepan by 6.0% during the third quarter. American International Group Inc. now owns 15,787 shares of the basic materials company’s stock worth $1,321,000 after purchasing an additional 890 shares during the period. Strs Ohio boosted its holdings in shares of Stepan by 7.3% during the fourth quarter. Strs Ohio now owns 13,200 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 900 shares during the period. First Trust Advisors LP boosted its holdings in shares of Stepan by 6.1% during the fourth quarter. First Trust Advisors LP now owns 16,367 shares of the basic materials company’s stock worth $1,293,000 after purchasing an additional 935 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Stepan by 2.3% during the third quarter. Rhumbline Advisers now owns 45,083 shares of the basic materials company’s stock worth $3,772,000 after purchasing an additional 1,015 shares during the period. 63.19% of the stock is currently owned by institutional investors and hedge funds.
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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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