Luis Rojo Acquires 300 Shares of Stepan (SCL) Stock

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Stepan (NYSE:SCL) CFO Luis Rojo acquired 300 shares of the stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $86.64 per share, with a total value of $25,992.00. Following the purchase, the chief financial officer now owns 1,900 shares in the company, valued at $164,616. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Luis Rojo also recently made the following trade(s):

  • On Tuesday, May 14th, Luis Rojo acquired 200 shares of Stepan stock. The shares were acquired at an average price of $87.19 per share, with a total value of $17,438.00.
  • On Tuesday, May 7th, Luis Rojo acquired 250 shares of Stepan stock. The shares were acquired at an average price of $88.23 per share, with a total value of $22,057.50.
  • On Friday, May 3rd, Luis Rojo acquired 250 shares of Stepan stock. The shares were acquired at an average price of $89.57 per share, with a total value of $22,392.50.
  • On Friday, March 15th, Luis Rojo acquired 200 shares of Stepan stock. The shares were acquired at an average price of $89.75 per share, with a total value of $17,950.00.
  • On Wednesday, March 13th, Luis Rojo acquired 200 shares of Stepan stock. The shares were acquired at an average price of $90.87 per share, with a total value of $18,174.00.
  • On Thursday, March 7th, Luis Rojo acquired 100 shares of Stepan stock. The shares were acquired at an average price of $90.17 per share, with a total value of $9,017.00.

Shares of NYSE SCL opened at $85.54 on Monday. Stepan has a fifty-two week low of $69.17 and a fifty-two week high of $95.32. The company has a quick ratio of 2.01, a current ratio of 2.74 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 17.53 and a beta of 1.27.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, May 30th. Stepan’s dividend payout ratio is presently 20.49%.

A number of large investors have recently added to or reduced their stakes in SCL. FMR LLC lifted its holdings in Stepan by 189.0% during the 1st quarter. FMR LLC now owns 341 shares of the basic materials company’s stock worth $30,000 after buying an additional 223 shares during the last quarter. One Wealth Advisors LLC bought a new position in Stepan during the 1st quarter worth approximately $46,000. Advisors Asset Management Inc. bought a new position in Stepan during the 1st quarter worth approximately $50,000. Howe & Rusling Inc. bought a new position in Stepan during the 4th quarter worth approximately $85,000. Finally, First Quadrant L P CA bought a new position in Stepan during the 4th quarter worth approximately $93,000. 71.84% of the stock is currently owned by institutional investors.

SCL has been the subject of a number of recent analyst reports. ValuEngine upgraded Stepan from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research lowered Stepan from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stepan has an average rating of “Hold” and an average target price of $79.50.

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About Stepan

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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Insider Buying and Selling by Quarter for Stepan (NYSE:SCL)

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