Geode Capital Management LLC lifted its position in shares of Stepan (NYSE:SCL) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,456 shares of the basic materials company’s stock after purchasing an additional 15,923 shares during the quarter. Geode Capital Management LLC owned approximately 1.22% of Stepan worth $20,309,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Howe & Rusling Inc. bought a new stake in shares of Stepan during the fourth quarter worth $85,000. First Quadrant L P CA bought a new stake in shares of Stepan during the fourth quarter worth $93,000. Vident Investment Advisory LLC bought a new stake in shares of Stepan during the third quarter worth $246,000. GSA Capital Partners LLP bought a new stake in Stepan in the fourth quarter valued at about $313,000. Finally, WINTON GROUP Ltd increased its holdings in Stepan by 36.5% in the fourth quarter. WINTON GROUP Ltd now owns 4,334 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 1,160 shares during the last quarter. 72.34% of the stock is currently owned by institutional investors.
In other news, VP Arthur W. Mergner sold 1,038 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $90.01, for a total transaction of $93,430.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman F Quinn Stepan, Jr. sold 12,889 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $93.83, for a total value of $1,209,374.87. Following the transaction, the chairman now directly owns 202,576 shares of the company’s stock, valued at $19,007,706.08. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 500 shares of company stock valued at $45,141 and sold 17,927 shares valued at $1,664,845. 11.40% of the stock is owned by corporate insiders.
Shares of Stepan stock opened at $89.18 on Thursday. Stepan has a 1 year low of $68.09 and a 1 year high of $95.32. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.27 and a beta of 1.27. The company has a quick ratio of 1.78, a current ratio of 2.37 and a debt-to-equity ratio of 0.30.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Thursday, February 21st. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.21. Stepan had a return on equity of 14.68% and a net margin of 5.66%. The company had revenue of $466.70 million during the quarter, compared to the consensus estimate of $486.67 million. During the same period in the prior year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts predict 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, March 15th. Shareholders of record on Monday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Stepan’s dividend payout ratio (DPR) is currently 20.49%.
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 report on Monday, February 4th. Zacks Investment Research downgraded Stepan from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.50.
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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