Insider Selling: Stepan (SCL) VP Sells 6,000 Shares of Stock

Stepan (NYSE:SCL) VP Frank Pacholec sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $86.52, for a total transaction of $519,120.00. Following the completion of the sale, the vice president now owns 40,120 shares of the company’s stock, valued at $3,471,182.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stepan (NYSE:SCL) traded down $0.80 on Wednesday, reaching $84.75. 60,621 shares of the company’s stock traded hands, compared to its average volume of 86,514. The company has a current ratio of 2.46, a quick ratio of 1.92 and a debt-to-equity ratio of 0.36. Stepan has a 12 month low of $68.75 and a 12 month high of $92.97. The stock has a market capitalization of $1,942.97, a P/E ratio of 18.52 and a beta of 1.15.

Stepan (NYSE:SCL) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.39. Stepan had a net margin of 4.76% and a return on equity of 15.20%. The company had revenue of $473.82 million during the quarter, compared to the consensus estimate of $457.95 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Stepan’s revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts anticipate that Stepan will post 5.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.90 annualized dividend and a yield of 1.06%. Stepan’s dividend payout ratio is currently 22.96%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCL. Crossmark Global Holdings Inc. purchased a new stake in Stepan during the third quarter worth approximately $350,000. State Board of Administration of Florida Retirement System grew its stake in Stepan by 26.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 13,149 shares of the basic materials company’s stock worth $1,100,000 after buying an additional 2,786 shares during the period. Stevens Capital Management LP grew its stake in Stepan by 19.3% during the third quarter. Stevens Capital Management LP now owns 8,313 shares of the basic materials company’s stock worth $695,000 after buying an additional 1,342 shares during the period. American Century Companies Inc. grew its stake in Stepan by 26.3% during the third quarter. American Century Companies Inc. now owns 68,670 shares of the basic materials company’s stock worth $5,745,000 after buying an additional 14,302 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in Stepan by 46.7% during the third quarter. BNP Paribas Arbitrage SA now owns 10,322 shares of the basic materials company’s stock worth $864,000 after buying an additional 3,287 shares during the period. Institutional investors own 65.65% of the company’s stock.

A number of equities research analysts recently issued reports on SCL shares. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Scotiabank upgraded shares of Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 target price for the company in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.60.

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About Stepan

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.

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

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