Stepan (NYSE:SCL) VP Sean Thomas Moriarty Sells 1,961 Shares

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Stepan (NYSE:SCL) VP Sean Thomas Moriarty sold 1,961 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $99.30, for a total value of $194,727.30. Following the sale, the vice president now owns 5,077 shares in the company, valued at $504,146.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sean Thomas Moriarty also recently made the following trade(s):

  • On Friday, August 9th, Sean Thomas Moriarty sold 1,092 shares of Stepan stock. The shares were sold at an average price of $95.11, for a total value of $103,860.12.
  • On Wednesday, July 31st, Sean Thomas Moriarty sold 3,418 shares of Stepan stock. The stock was sold at an average price of $98.97, for a total transaction of $338,279.46.

SCL stock opened at $96.78 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $95.50 and its 200 day moving average is $91.44. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 19.83 and a beta of 1.30. Stepan has a 1-year low of $69.17 and a 1-year high of $101.84.

Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.19. The company had revenue of $473.00 million for the quarter, compared to analysts’ expectations of $519.20 million. Stepan had a net margin of 5.39% and a return on equity of 14.19%. Stepan’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. As a group, sell-side analysts forecast that Stepan will post 5.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, August 29th. Stepan’s payout ratio is currently 20.49%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Stepan by 1.0% during the second quarter. BlackRock Inc. now owns 3,020,331 shares of the basic materials company’s stock valued at $277,601,000 after acquiring an additional 31,030 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Stepan by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,097,483 shares of the basic materials company’s stock valued at $81,214,000 after acquiring an additional 3,653 shares during the last quarter. Bank of New York Mellon Corp grew its position in Stepan by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 401,758 shares of the basic materials company’s stock valued at $36,926,000 after acquiring an additional 3,045 shares during the last quarter. Northern Trust Corp grew its position in Stepan by 11.5% during the second quarter. Northern Trust Corp now owns 356,285 shares of the basic materials company’s stock valued at $32,747,000 after acquiring an additional 36,756 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Stepan by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 274,456 shares of the basic materials company’s stock valued at $20,309,000 after acquiring an additional 15,923 shares during the last quarter. Institutional investors and hedge funds own 74.56% of the company’s stock.

Several research analysts recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Stepan from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. ValuEngine cut shares of Stepan from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada assumed coverage on shares of Stepan in a research report on Wednesday, July 3rd. They issued a “sector perform” rating and a $21.00 price objective on the stock. Finally, Scotiabank cut shares of Stepan to a “sector underperform” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.14.

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

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