Stepan (NYSE:SCL) VP David Kabbes Buys 821 Shares

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Stepan (NYSE:SCL) VP David Kabbes bought 821 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $97.50 per share, with a total value of $80,047.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:SCL opened at $98.15 on Friday. The company has a fifty day simple moving average of $96.61 and a two-hundred day simple moving average of $93.47. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.36 and a beta of 1.28. The company has a quick ratio of 2.03, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. Stepan has a 52 week low of $69.17 and a 52 week high of $101.84.

Stepan (NYSE:SCL) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.06. The business had revenue of $451.60 million during the quarter, compared to the consensus estimate of $489.40 million. Stepan had a net margin of 5.75% and a return on equity of 14.10%. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, analysts expect that Stepan will post 4.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.275 dividend. This is an increase from Stepan’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 27th. This represents a $1.10 annualized dividend and a dividend yield of 1.12%. Stepan’s payout ratio is 20.49%.

Several research firms recently weighed in on SCL. Scotiabank downgraded shares of Stepan to a “sector underperform” rating and set a $20.00 target price for the company. in a report on Tuesday, August 13th. BMO Capital Markets dropped their target price on shares of Stepan from $28.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Zacks Investment Research downgraded shares of Stepan from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, ValuEngine downgraded shares of Stepan from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Stepan presently has a consensus rating of “Hold” and an average price target of $52.20.

Several large investors have recently bought and sold shares of SCL. FMR LLC grew its stake in shares of Stepan by 189.0% in the first quarter. FMR LLC now owns 341 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 223 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of Stepan by 9.7% in the second quarter. WINTON GROUP Ltd now owns 9,543 shares of the basic materials company’s stock worth $877,000 after acquiring an additional 844 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Stepan in the second quarter worth $151,000. Hennessy Advisors Inc. acquired a new position in shares of Stepan in the second quarter worth $2,987,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Stepan by 9.5% in the second quarter. Nisa Investment Advisors LLC now owns 11,525 shares of the basic materials company’s stock worth $1,059,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.

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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